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3 Growth Stocks That Turned $5,000 Investments 20 Years Ago Into Over $1 Million Today
Investing in growth stocks can lead to significant long-run returns. It isn't always evident, however, how a company's future will pan out. Some businesses that look like surefire winners will end up failing. Others will benefit from unexpected catalysts, such as artificial intelligence (AI), that you couldn't have predicted when you first invested in them.That's why investing in multiple growth stocks can be a great idea because all you need is one big winner, one huge return to make it worth your while. Three stocks that are excellent examples of how just a single investment can yield life-changing returns are Nvidia (NASDAQ: NVDA), Netflix (NASDAQ: NFLX), and Booking Holdings (NASDAQ: BKNG). By investing just $5,000 into any of these stocks 20 years ago and hanging on until today, you would be up more than $1 million.Image source: Getty Images.Continue reading
Investing in growth stocks can lead to significant long-run returns. It isn't always evident, however, how a company's future will pan out. Some businesses that look like surefire winners will end up failing. Others will benefit from unexpected catalysts, such as artificial intelligence (AI), that you couldn't have predicted when you first invested in them.
That's why investing in multiple growth stocks can be a great idea because all you need is one big winner, one huge return to make it worth your while. Three stocks that are excellent examples of how just a single investment can yield life-changing returns are Nvidia (NASDAQ: NVDA), Netflix (NASDAQ: NFLX), and Booking Holdings (NASDAQ: BKNG). By investing just $5,000 into any of these stocks 20 years ago and hanging on until today, you would be up more than $1 million.
Image source: Getty Images.
