DUOL - Want $1 Million in Retirement? Invest $100000 in These 3 Stocks and Wait a Decade
2024-07-04 04:35:00 ET
The late Charlie Munger said saving the first $100,000 was always the hardest. But crossing that milestone can make it much easier to build millionaire-making gains with bolder long-term investments.
Assuming its valuations hold steady, a company would need to grow its revenue or earnings at a compound annual growth rate (CAGR) of at least 26% over the next decade to turn a $100,000 investment into $1 million. That might seem like a high bar to clear, but MercadoLibre (NASDAQ: MELI) , Duolingo (NASDAQ: DUOL) , and Zscaler (NASDAQ: ZS) could make the cut. Let's find out a bit more about these three stocks.
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Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade