Want $1 Million in Retirement? Invest $50,000 in These 3 Stocks and Wait a Decade
The stock market could help you retire as a millionaire if you pick the right companies and hold them in your portfolio for a long time, as doing so will help you gain from the power of compounding and evolving trends in various industries. For instance, a $50,000 investment in Amazon a decade ago is worth about $500,000 now thanks to the stock’s nearly 900% gains over the past decade, and that’s after accounting for the steep drop in the e-commerce giant’s stock price in recent months. Amazon, however, is not the only company that has generated solid returns for investors over the past decade.