RSKD - 2 Growth Stocks That Could Turn $200000 Into $1 Million in a Decade
2023-04-16 11:15:00 ET
Every well-diversified portfolio will likely contain a few big winners, and Cloudflare (NYSE: NET) and Riskified (NYSE: RSKD) could meet that definition over the next decade. In fact, shareholders could see fivefold returns during that time period, meaning $200,000 split between both growth stocks today could be worth $1 million by 2033.
Of course, very few people have the financial means to invest $100,000 into a single stock, but the prospect of fivefold returns is attractive regardless of the initial sum invested. Here's why Cloudflare and Riskified are worth buying.
Cloudflare provides application and network services that improve the performance and security of software and infrastructure, while eliminating the cost and complexity of on-premises network hardware. The company also provides developer tools and storage solutions that allow businesses to build performant applications and websites directly on its network.
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2 Growth Stocks That Could Turn $200,000 Into $1 Million in a Decade