Tech Stocks That Could Double by 2030: 2 Easy Choices
Pinpointing stocks that can double in under five years is a key skill for investors, allowing them to beat the market with a safety margin. The market tends to double once every seven years, so if it can double in five, there is some wiggle room to allow for outperformance.However, few stocks have this potential, as growth and valuation must be considered when assessing the company. Furthermore, projecting where a business will be five years out is nearly impossible. Take Nvidia (NASDAQ: NVDA) for example. If you knew exactly where Nvidia would be five years in the future, you would have taken out a loan for the biggest amount possible and bought every share of Nvidia you could, as it turned every $10,000 invested into more than $160,000 over the past five years. So, what stocks have the potential to double over the next five years? I've got two solid picks.Continue reading
Pinpointing stocks that can double in under five years is a key skill for investors, allowing them to beat the market with a safety margin. The market tends to double once every seven years, so if it can double in five, there is some wiggle room to allow for outperformance.
However, few stocks have this potential, as growth and valuation must be considered when assessing the company. Furthermore, projecting where a business will be five years out is nearly impossible. Take Nvidia (NASDAQ: NVDA) for example. If you knew exactly where Nvidia would be five years in the future, you would have taken out a loan for the biggest amount possible and bought every share of Nvidia you could, as it turned every $10,000 invested into more than $160,000 over the past five years.
So, what stocks have the potential to double over the next five years? I've got two solid picks.
