In March 1957, the S&P Composite became the S&P 500 as we know it today, an index comprising 500 of the largest U.S. companies, designed to be a bellwether for the broader economy. Since its inception, the S&P 500 has generated an annualized return of approximately 7.4%, a pace that would double your money once every 10 years. That's not too shabby.
However, if you're willing to do the research , your portfolio could grow even faster. Of course, every investor has their own process, but I start by looking for companies with a competitive edge, a sizable market opportunity, and healthy top-line growth. Those qualities hint at future share price appreciation -- and I think Elastic (NYSE: ESTC) and Unity Software (NYSE: U) check all three boxes.
Here's what you should know about these growth stocks.
For further details see:
2 Top Growth Stocks to Buy Right Now