FLGT - Want $1 Million in Retirement? Invest $250000 in These 3 Stocks and Wait a Decade
Since 2020, many investors have developed exceptionally high expectations for the stock market because of the jaw-dropping performances of some companies. Fulgent Genetics (NASDAQ: FLGT) , for example, gave investors over 763% returns from the start of 2020 to March 2021. Other stocks acted similarly, which lulled many investors into a false reality where astronomical returns were the benchmark.
However, these back-breaking spikes in stock prices are not typical. Over the past decade, the S&P 500 has delivered 219% returns to investors. Therefore, if investors want to turn $250,000 into $1 million in a decade, that would require robust, market-beating returns of 300% (a fourfold gain), which is no easy task. While this would be difficult, I see three companies that have a good chance of accomplishing this.
Image source: Getty Images.
For further details see:
Want $1 Million in Retirement? Invest $250,000 in These 3 Stocks and Wait a Decade