2 Stocks That Turned $1,000 Into $1 Million (or More)
The goal of every investor is to grow wealth. Ideally, a small investment in a stock will bring gains in year after year (and eventually decade after decade). This is a simple, tax-advantaged, and time-tested strategy to build your wealth. The hard part is finding the right stocks to buy.A stock that turns $1,000 into $1 million, a 100,000% gain, is a home run. To help identify stocks that may put up such life-changing returns, take a look at two stocks that have done it in the past. The first stock is one of the best-returning stocks of all time: Altria Group (NYSE: MO). It's the owner of Philip Morris and Marlboro cigarettes. Since 1972, Altria Group has posted a cumulative total return of 4,299,000%. That's right, it has gone up by more than 1 million percent for shareholders when dividend reinvestments are factored in.Continue reading
The goal of every investor is to grow wealth. Ideally, a small investment in a stock will bring gains in year after year (and eventually decade after decade). This is a simple, tax-advantaged, and time-tested strategy to build your wealth. The hard part is finding the right stocks to buy.
A stock that turns $1,000 into $1 million, a 100,000% gain, is a home run. To help identify stocks that may put up such life-changing returns, take a look at two stocks that have done it in the past.
The first stock is one of the best-returning stocks of all time: Altria Group (NYSE: MO). It's the owner of Philip Morris and Marlboro cigarettes. Since 1972, Altria Group has posted a cumulative total return of 4,299,000%. That's right, it has gone up by more than 1 million percent for shareholders when dividend reinvestments are factored in.
