Got $1,000? These 3 Stocks Could Double Your Money in 5 Years.
Averaging annual stock market returns of 10% or more is not easy to pull off, especially over a time horizon of at least five years. But with the right stocks, it is achievable.
Of course, there are no guarantees in life or equity markets. It's essential to always follow investment best practices, including using money you aren't going to need for several years (be it for emergencies or otherwise). For those with $1,000 to spare, let's look at three stocks that are worth buying right now: Axsome Therapeutics (NASDAQ: AXSM), Tandem Diabetes Care (NASDAQ: TNDM), and Chegg (NYSE: CHGG).
All three stocks look relatively cheap on a per-share basis. Tandem Diabetes Care trades for about $52 as of this writing. Axsome Therapeutics' shares are $45, while Chegg goes for $21. Equally dividing up $1,000 among all three would afford you roughly six shares of Tandem, seven of Axsome Therapeutics, and 15 of Chegg at current prices.
Source Fool.com
