SHOP - $5000 Invested in These 3 Stocks Could Make You Richer Over the Next 20 Years
2023-08-23 05:15:00 ET
Investors buy stocks for various reasons, and the hope of getting rich is one of the more popular ones. But unless employed slowly and deliberately, such a strategy carries a high risk of failure. Also, the stocks often perceived as safe are typically low-growth names better at preserving than building wealth.
One way to balance the potential for wealth building while adding a margin of safety is to pursue large-cap stocks with market caps under $100 billion. While the market offers no guarantees, investors will increase their chances of building wealth by owning stocks such as Shopify (NYSE: SHOP) , CrowdStrike (NASDAQ: CRWD) , and MercadoLibre (NASDAQ: MELI) .
Shopify operates in the competitive e-commerce platform space. It has stood out above its peers by building a fast, flexible platform where entrepreneurs can add their products and customize them to their liking.
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$5,000 Invested in These 3 Stocks Could Make You Richer Over the Next 20 Years