Want $1 Million? Invest $200,000 in These Innovative Stocks and Wait 10 Years
The stock market is a wealth-building machine. But it requires investors to exercise patience and focus on great companies over the long run.
For instance, the broader market has undergone three sizable bear market declines since the beginning of 1995. This includes the dot-com bubble bursting, which ravaged high-growth stocks, and the Great Recession, which more than halved the valuations of many great companies. Despite these declines, the innovation-driven Nasdaq 100 is higher by almost 3,500% in 27 years. Patience can pay off handsomely if you're invested in innovative companies.
If your desire is to become a millionaire, consider investing $200,000 into the following trio of innovative stocks and waiting 10 years.
Source Fool.com
