3 Stocks That Turned $30,000 Into More Than $560,000 in Just 5 Years
"If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes." That's sage advice from billionaire investor Warren Buffett, who has been a buy-and-hold investor for decades. But while buying and holding investments for decades is a solid way of achieving significant gains on the stock market, some investors have amassed incredible returns over much shorter time frames. Below, I'll look at three stocks that have generated significant gains for investors over the past half-decade. Investing $10,000 into Nvidia (NASDAQ: NVDA), Strategy (NASDAQ: MSTR), and Mara Holdings (NASDAQ: MARA) five years ago -- $30,000 total -- would have produced a portfolio worth $566,000 today. Here's a look at why these stocks have done so well, and whether it's too late to invest in them right now.Chipmaking giant Nvidia is one of the most valuable companies in the world, with a market cap around $2.6 trillion. Although its valuation has been falling this year as investors grow concerned about the overall health of the markets, this business has become the face of artificial intelligence (AI). As other companies invest in next-gen technologies and advance their plans for AI, Nvidia often plays a key part of that process, providing the chips needed to drive that development.Continue reading
"If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes." That's sage advice from billionaire investor Warren Buffett, who has been a buy-and-hold investor for decades. But while buying and holding investments for decades is a solid way of achieving significant gains on the stock market, some investors have amassed incredible returns over much shorter time frames.
Below, I'll look at three stocks that have generated significant gains for investors over the past half-decade. Investing $10,000 into Nvidia (NASDAQ: NVDA), Strategy (NASDAQ: MSTR), and Mara Holdings (NASDAQ: MARA) five years ago -- $30,000 total -- would have produced a portfolio worth $566,000 today. Here's a look at why these stocks have done so well, and whether it's too late to invest in them right now.
Chipmaking giant Nvidia is one of the most valuable companies in the world, with a market cap around $2.6 trillion. Although its valuation has been falling this year as investors grow concerned about the overall health of the markets, this business has become the face of artificial intelligence (AI). As other companies invest in next-gen technologies and advance their plans for AI, Nvidia often plays a key part of that process, providing the chips needed to drive that development.
