Could Nvidia Stock Help You Retire a Millionaire?

It may be fun to watch some stocks rocket higher, and it's tempting to want to own one before that parabolic move occurs. Investing for retirement doesn't mean trying to score with one big buy, though. In fact, that can lead to fear and anxiety over one's nest egg. Consider what it would have been like if all your savings had been tied up in stock when it plunged by 65% in 2022.

But allocating a reasonable amount, continuing to invest, and holding shares in a great business through the inevitable ups and downs can lead to a comfortable retirement. It can even make one a millionaire. Here's why Nvidia (NASDAQ: NVDA) is showing investors why it's a great business, and one that could help you retire a millionaire.

Nvidia stock has rocketed more than 800% higher since the beginning of 2023. Sometimes a move like that is driven by investors who fear missing out on the next big thing. It's likely that some of that buying came from those who attempt to trade in momentum stocks. But that's more akin to gambling than investing. The underlying business is what should steer long-term investors into stocks.

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Source Fool.com