Investing $15,000 Into Each of These 3 Growth Stocks 10 Years Ago Would Have Generated Over $3.8 Million in Profit Today
Regardless of how much money you have available to invest in the stock market, it can be a good idea to spread it across multiple stocks. It can be difficult to predict which stocks will be winners in the long run, so investing in several promising growth stocks is a way to increase the odds that you achieve significant returns. One massive profit can more than make up for underwhelming returns on other investments.Three stocks that have generated better than 10x returns over the past 10 years are Nvidia (NASDAQ: NVDA), Axon Enterprise (NASDAQ: AXON), and Builders FirstSource (NYSE: BLDR). Here's how much a $15,000 investment in these stocks 10 years ago would be worth today, and whether they can still be good buys right now. To probably no one's surprise, Nvidia tops this list with 10-year gains that have been life-changing for investors who have held on during that stretch. While investing in the chipmaker has proven to be a good buy, things didn't really start to take off until the emergence of ChatGPT a few years ago. When tech companies started investing heavily into artificial intelligence (AI), it led to robust demand for Nvidia's next-gen chips. Since 2023, shares of Nvidia have skyrocketed more than 730%.Continue reading
Regardless of how much money you have available to invest in the stock market, it can be a good idea to spread it across multiple stocks. It can be difficult to predict which stocks will be winners in the long run, so investing in several promising growth stocks is a way to increase the odds that you achieve significant returns. One massive profit can more than make up for underwhelming returns on other investments.
Three stocks that have generated better than 10x returns over the past 10 years are Nvidia (NASDAQ: NVDA), Axon Enterprise (NASDAQ: AXON), and Builders FirstSource (NYSE: BLDR). Here's how much a $15,000 investment in these stocks 10 years ago would be worth today, and whether they can still be good buys right now.
To probably no one's surprise, Nvidia tops this list with 10-year gains that have been life-changing for investors who have held on during that stretch. While investing in the chipmaker has proven to be a good buy, things didn't really start to take off until the emergence of ChatGPT a few years ago. When tech companies started investing heavily into artificial intelligence (AI), it led to robust demand for Nvidia's next-gen chips. Since 2023, shares of Nvidia have skyrocketed more than 730%.
