2 Stocks That Could Turn $1,000 Into $5,000 by 2030
When you consider that the S&P 500 returned about 9% annually on average over the last 30 years, a fivefold gain in just five years amounts to a monumentally high return. You have to be extremely selective when looking for such gains, finding stocks that combine a reasonable valuation and tremendous growth potential. Even then, earning such a high return is rare.Nonetheless, you can find numerous examples of stocks that have made such gains in previous bull markets. When considering both valuation and growth potential, these two consumer goods stocks are among those I think have the potential to possibly turn $1,000 into $5,000.Continue reading
When you consider that the S&P 500 returned about 9% annually on average over the last 30 years, a fivefold gain in just five years amounts to a monumentally high return. You have to be extremely selective when looking for such gains, finding stocks that combine a reasonable valuation and tremendous growth potential. Even then, earning such a high return is rare.
Nonetheless, you can find numerous examples of stocks that have made such gains in previous bull markets. When considering both valuation and growth potential, these two consumer goods stocks are among those I think have the potential to possibly turn $1,000 into $5,000.
