Turning $500 into $1,000 is not difficult. You don't need to follow a complicated strategy or chase speculative meme stocks to accomplish this. All you need to do is buy and hold shares of a fast-growing company with plenty of opportunities for further expansion and be patient.
To give you some ideas, three Motley Fool contributors offered their favorite picks. Here's why they chose Five Below (NASDAQ: FIVE) , CuriosityStream (NASDAQ: CURI) , and Chegg (NYSE: CHGG) .
Image source: Getty Images.
For further details see:
Got $500? These 3 Stocks Could Double Your Money