Investing In These 5 Stocks Now Could Make You A Millionaire
Want to be a Millionaire Retiree? Invest In These 5 Stocks Could Turn Your Dreams To Reality
They say dream big, but how does dream rich sound? If you dream of becoming rich, there is no better wealth creator than the stock market. The stock market is highly profitable and can be everyone's piece of cake if you dedicate sufficient time and calculate adequate savings.
Investing in the stock market is the best option to make a passive income. Investing in the five stocks that we are going to discuss here is going to go a long way in securing your future.
With an effective saving, good strategy, and sufficient time anyone can be a millionaire by simply investing in the overall stock market. It is indeed a feasible option for anyone who has patience and a good amount of saving as risk management. A small tip to boost the growth of your portfolio is to consider some of these fast-growing companies that are moving at a rapid pace and will continue to do so in the coming future.
Before Jumping Into The Bandwagon: Factors To Consider
Though the stock market is the simplest and most effective way to amass a wealthy income, there are a few factors to consider to ensure complete success. It is not just a game of guess but requires detailed research and calculations.
3 Factors to Consider Before Investing in The Stock Market:
The Investing Time Frame
The timing of your investment is an essential factor to consider. The longer your investment period, the bigger your nest egg will become. Therefore, it is always better to start your investments early, even in your 20's which will in the future make you a millionaire.
The Amount Of Investment
The amount you are willing to invest in also greatly matters before choosing the best stock to invest in. Therefore, decide how much you are ready to invest and never forget to keep a good amount of capital as savings or a risk management plan.
The Investment Growth Rate
This growth rate is a factor that you have no control of, but it is good to be aware of its volatile nature. If your money grows only by 1% or 2%, it doesn't matter how much you invested and how long you saved.
The path to that millionaire status is still very long. Over many decades the stock market has averaged an annual gain of close to 10%, which is relatively a good shot. But this may or may not vary during your investment period.
Best 5 Stocks Could Make You A Millionaire Retiree
Here are the top 5 stocks that have comparatively shown a steady and faster clip and seem to be poised in its growth in the near future too.
Amazon, the e-commerce steamroller, has indeed been growing at a rapid pace for a long time. Recently, 26.3% was the 20- year annual growth rate in its stock price, which is far enough to turn a single $10,000 investment into $ 1 million. Usually, when companies grow larger and bigger, it becomes difficult for them to scale rapidly in the stock market. Over the past few years, Amazon's trading price has ranged from $1,600 to over $3,000, which is indeed an admirable factor.
The pandemic year was indeed a fruitful year for Amazon. The company was on fire with net sales in the third quarter surging 37% over year-ago, which was $96 billion.
The cloud-computing platform Amazon Web Series (AWS) is one of its biggest cash cows these days. The third quarter showed a growth of 29% to $11.6 billion and boasting a 33% market share in its industry.
Expecting an average annual gain of 25% or even more in the coming few decades is not a feasible option, but investing in Amazon has its perks. It gives multiple reasons to expect market-beating growth for investors in the coming future, making it one of the best stocks to invest in for foreseeing a millionaire retiree's future.
2. Activision Blizzard
If you are interested in the video games industry, Activision Blizzard would be a familiar name for you. It has an average annual growth rate of 25.2% over the past 20 years and 21.8% over the past ten years.
Activision Blizzard is known as a powerhouse of the video game industry. One of the major reasons for their increasing success is none other than the addictive gamers.
Their products are very addictive, and people who are obsessed with video games will never bail on them. There were almost 390 million monthly active users with net revenue up to 52% year over year. On the positive side, Activision Blizzard is indeed a promising stock market for investors to secure their millionaire future. According to Grandview Research, it is expected to grow by almost 13% annually between 2020 and 2027.
With the advent of digital transformation and the global shutdown due to the global pandemic, online cloud platforms have been soaring higher every passing month.
Fastly, the platform that ensures the faster flow of content securely to end-users has shown steady upticks. Be it in terms of total customer count or average spend per enterprise customer. The platform is just expanding dramatically. The company's dollar-based expansion rate list is 147% in the third quarter, making it a promising stock market for investors to rely on for a longer time.
With an average annual growth rate of 37.1%, PayPal is another fertile ground for profitable investments. Its market value was $241 billion recently, which almost match the market value of big guns in the market like Netflix, Coca-Cola, etc. in its third-quarter, the company had about 4 billion transactions worth $247 billion. Even being a latecomer in the Finetech market, PayPal serves around 361 million users worldwide, which is indeed a huge number. It also owns Venmo, which is the fastest-growing mobile payment system in the market today. This makes PayPal an ideal ground to invest in securing a millionaire future.
With a market value of $219.8 billion, Netflix is and will continue to be one of the most profitable stocks for the long haul. Along with a price hike, Netflix has around 860,000 new subscribers across the U.S and Canada.
2020 ended with a bright note for Netflix with almost 203.7 million subscribers worldwide. The pandemic and the home hunkers have created an exceptionally profitable market for Netflix, and they look forward to a profitable 2021 with a few Netflix original releases. It is indeed a wealthy market to invest in to make your millionaire retiree's dream a reality.
These five shares mentioned above are fast-growing and will continue to maintain their growth for a longer time. They are indeed worth adding to your investment watch list to keep an eye on and never lose the right opportunity to invest in. If being a millionaire retiree is your future forte, then keep a close eye on the stock market stakes and ensure that you invest in the right stocks that suit you.
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