Want $1 Million in Retirement? Invest $300,000 in These 3 Stocks and Wait a Decade
Many people have the goal of becoming a millionaire before they retire. Not only is it a fun achievement, but it's also close to what many people need to maintain their lifestyle in their golden years. But if you only have a decade left before retiring, reaching millionaire status will require a lot of money (there are no shortcuts).
However, by investing in these three stocks, you can boost your returns from the market's average 10% annual return to around 12% to 13%. That will require just under $300,000 ($294,588 to be exact) to hit millionaire status. So, what are these three stocks?
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is the parent company of Google, YouTube, and the Android operating system. Its primary business is advertising, but it also has its hands in two important industries: artificial intelligence (AI) and cloud computing.
Source Fool.com
Alphabet Inc. A Stock
With 79 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 3.77% for Alphabet Inc. A compared to the current price of 156.12 €.
