FND - Got $3000? These Stocks Could Double Your Money by 2030.
2023-11-01 08:00:00 ET
For an investment to double your money by 2030, it needs to compound at roughly 12% annually. That's just a hair better than the long-term average for the S&P 500 . Therefore, in this article, I'm not trying for home runs. I'm simply looking for solid hits.
That's good because $3,000 is a lot of money for many investors. One can unnecessarily assume outsize investment risk trying to hit the jackpot. But often it's better to take a high chance of good returns than to bet on a low chance of extraordinary returns.
In that category, I believe you should look at the following three stocks right now: home-improvement retailer Floor & Decor (NYSE: FND) , organic light-emitting diode (OLED) company Universal Display (NASDAQ: OLED) , and Chicago's own restaurant chain Portillo's (NASDAQ: PTLO) . Let's see why.
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Got $3,000? These Stocks Could Double Your Money by 2030.