RVLV - $5000 Invested in These 3 Stocks Could Make You Rich Over the Next 20 Years
For long-term investing, $5,000 is an excellent starting point, and if you have that amount available to put to work for your savings after debts are paid and an emergency fund is set up, you have a good chance of seeing that nest egg grow over the next 20 years.
Growth stocks aren't growing so much these days, but if you have 20 years to wait, the market should reward you many times over. You can view the current market as full of opportunity and pick up shares of some super growth stocks while prices are low. Revolve Group (NYSE: RVLV) , RH (NYSE: RH) , and Airbnb (NASDAQ: ABNB) are stocks with loads of potential that are priced for purchase right now.
Considering how the apparel industry has been faring over the past few years, savvy investors will note how trends are shifting and grab the opportunity to follow the leaders. Clothing is a baseline essential need on the hierarchy, although it would be hard to tell based on how poorly many apparel companies are doing today.
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$5,000 Invested in These 3 Stocks Could Make You Rich Over the Next 20 Years