KNSL - $300 a Month in These 3 Stocks Could Make You a Millionaire by Retirement
While becoming a millionaire through your investments may seem impossible (or at least overwhelming), investing $300 monthly can quickly lead you toward this goal.
Consider that if an investor has 45 years until they retire, they only need to earn a 7% annual return to become a millionaire. Meanwhile, investors 35 and 25 years away would need yearly growth rates of roughly 10% and 16%, respectively, to reach $1 million by retirement.
With these necessary annual returns in mind for each retirement time horizon, here's why CrowdStrike (NASDAQ: CRWD) , Kinsale Capital (NYSE: KNSL) , and Waste Management (NYSE: WM) look like excellent $300 dollar-cost-averaging purchases for investors.
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$300 a Month in These 3 Stocks Could Make You a Millionaire by Retirement