The Ultimate Growth Stock to Buy With $1,000 Right Now

While making a $1,000 investment in any given stock may not sound like a game-changing retirement proposition, I like to view this sum's potential through the eyes of my 8-year-old daughter. By adding $1,000 to a given investment annually -- or roughly $20 a week -- for the next 50 years, her retirement nest egg could grow to over $2.6 million, assuming market-matching returns of 12%.

Should we dream of beating the market by a mere 2 percentage points, this $2.6 million figure would double.

One investment currently offering this combination of outperformance potential alongside a decades-long growth runway is Uber Technologies (NYSE: UBER). Tripling in value since the start of 2023, Uber's stock has been firing on all cylinders.

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Source Fool.com