Investing in some top growth stocks can be an excellent way to build up your portfolio. A $5,000 investment that grows at 10% per year for 20 years will be worth roughly $34,000. If it grows at a rate of 15%, then its value will top more than $81,000. It may not be enough to retire on, but investing $5,000 into a few high-performing stocks can significantly strengthen your financial position in the future.
Three growth stocks that look like great places to invest $5,000 right now include Align Technology (NASDAQ: ALGN) , Nvidia (NASDAQ: NVDA) , and Mastercard (NYSE: MA) . Although they're struggling this year, their long-term trajectories are promising. Buying them while near their lows can lead to some great gains in the years ahead.
What makes Align Technology a top growth stock is Invisalign, its clear aligner brand. Strong brands can drive customer loyalty and make it easier for a company to grow its business without having to spend heavily on sales and marketing. Invisalign is a top name in the dental industry and has been the key behind Align's strong sales numbers.
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