Want $1 Million in Retirement? Invest $300,000 in These 3 Stocks and Wait a Decade.
The recipe for retiring comfortably requires three key ingredients. First, you must have money to invest, of course. Second, you need assets that will grow your money. Third, you need time to allow your investments to grow.
The more money you have to invest, the less time you'll need to build a solid nest egg -- and vice versa. But the right assets can help tremendously. Want $1 million in retirement? Invest $300,000 in these three stocks and wait a decade.
By my calculations, it will take a compound annual growth rate (CAGR) of 12.8% to turn $300,000 into $1 million over the next 10 years. I think that investing one-third of that upfront amount in Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) should get you a long way toward achieving that goal.
Source Fool.com
Brookfield Corp. Stock
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 42 € there is a slightly positive potential of 10.53% for Brookfield Corp. compared to the current price of 38.0 €.
