Investing in These Stocks Now Could Make You a Millionaire Retiree
Do you want to retire a millionaire? Answering the question is easy: Of course you do! But actually doing the work to achieve it through investing is something different entirely. If long-term growth is really on your mind, slow and steady is the way to go. Forget about finding the next GameStop or jumping on a day-trading bandwagon. Instead look for businesses that have had many years of strong growth and have more left down the line. If your stocks were to grow at an average annual rate of 15% over the next 25 years, investing a little over $30,000 today would be enough to reach the $1 million mark.
Attaining a 15% growth rate is by no means a given, but that's where being strategic and investing in high-growth areas like cannabis, sports betting, and tech can help you. And three stocks in those industries that are attractive buys right now are Cresco Labs (OTC: CRLBF), DraftKings (NASDAQ: DKNG), and Baidu (NASDAQ: BIDU).
Image source: Getty Images
Source Fool.com
