Investing in These Stocks Now Could Make You a Millionaire Retiree
The beauty of investing is that if you start early enough and buy shares of companies with decent long-term prospects, compounding can do most of the heavy lifting when it comes to building your nest egg. Indeed, even a person of modest means can reach millionaire status by retirement by picking solid companies and letting compounding work its magic over time.
The key is to find businesses with decent prospects trading at a reasonable enough valuation that you as a new investor have a chance to share in the benefits of that growth. It's a balancing act, to be sure. Many of the hot growth businesses trade as though their growth will continue unabated forever, while many of the companies with cheap valuations don't have particularly strong growth prospects. With that balance in mind, here's why investing in these stocks now could make you a millionaire retiree.
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Source Fool.com
