What stock can make you a millionaire?
Growth investing typically comes to mind when you think of a millionaire-maker. Amazon (NASDAQ: AMZN) is one of the poster stocks of this category. Amazon birthed modern e-commerce in America and, as a result, amassed a whopping 38% market share in U.S. e-commerce.
- Pfizer's regrouping at the moment, but it is poised to shine again.
- UnitedHealth Group is a healthcare juggernaut with more success ahead.
- Abbott Labs should continue its proven formula of slowly making shareholders wealthy.
No matter your income, you will get rich off stocks as long as you start investing early, keep investing, and never sell. Anyone can do this. You don't need to be a financial wiz, have insider access, or a ton of time.
Nvidia (NASDAQ: NVDA) is a prime example of what a successful buy-and-hold investment can deliver over the long run. An investor who put $10,000 into Nvidia stock a decade ago and held on would be sitting on a position worth more than $1.8 million right now and more than $1.9 million with dividends reinvested.
| Stock | Expected Change in Stock Price* |
|---|---|
| Tesla Inc. (TSLA) | 61% |
| Mastercard Inc. (MA) | 14.2% |
| Salesforce Inc. (CRM) | 7.2% |
| Advanced Micro Devices Inc. (AMD) | 11.3% |
- Airbnb, Inc. (NASDAQ:ABNB)
- Novo Nordisk A/S (NYSE:NVO)
- ASML Holding N.V. (NASDAQ:ASML)
- Lockheed Martin Corporation (NYSE:LMT)
- Cisco Systems, Inc. (NASDAQ:CSCO)
- PDD Holdings Inc. (NASDAQ:PDD)
- The Home Depot, Inc. (NYSE:HD)
- Booking Holdings Inc. (NASDAQ:BKNG)
| Stock | Market Capitalization | Sector |
|---|---|---|
| Colgate-Palmolive Co. (CL) | $73 billion | Consumer staples |
| Sysco Corp. (SYY) | $41 billion | Consumer staples |
| Coca-Cola Co. (KO) | $261 billion | Consumer staples |
| S&P Global Inc. (SPGI) | $134 billion | Financials |
The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets.
It's extremely unlikely you'll earn 10% returns every single year, but the annual highs and lows have historically averaged out to roughly 10% per year over several decades. Over a lifetime, it's possible to earn over half a million dollars with just $100 per month.
Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.
What if you invested $1,000 in Nvidia 10 years ago?
So, if you had invested in Nvidia ten years ago, you're likely feeling pretty good about your investment today. According to our calculations, a $1000 investment made in March 2014 would be worth $172,169.75, or a 17,116.97% gain, as of March 1, 2024.
It is also worth noting that the company has taken less than a decade to turn a $20,000 investment into precisely a $1 million. Assuming you bought $20,000 worth of Nvidia stock on Aug. 1, 2016, your investment would now be worth just into seven figures. NVDA data by YCharts.
So, based on Nvidia's current stock price of around $660 and the potential upside that it could deliver on the back of its impressive growth, its shares could be worth $1,000 apiece in the next couple of years.
Walmart has a conensus rating of Strong Buy which is based on 25 buy ratings, 3 hold ratings and 0 sell ratings. What is Walmart's price target? The average price target for Walmart is $65.73. This is based on 28 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings.
- Reliance Industries Limited (RIL): Sector: Conglomerate. ...
- HDFC Bank Limited: Sector: Banking and Finance. ...
- Infosys Limited: ...
- Titan Company Limited: ...
- Larsen & Toubro Limited (L&T): ...
- Asian Paints Limited: ...
- TCS (Tata Consultancy Services) Limited: ...
- Bajaj Finance Limited:
Stephan explained that if you pick several high-paying dividend stocks, then you could potentially make $100 per day with $520,000 invested. If you start off with nothing and invest $15 per day while reinvesting all of the dividends, Stephan said you could reach $100 per day in passive income within 30 years.
These stocks look like good bets to outperform.
But if you have a long enough investment time horizon and pick the right investment, $1,000 could eventually grow into $1 million. Buying stocks like Amazon, Home Depot, Microsoft, and Berkshire Hathaway at the right time has all delivered such returns to early investors.
- CrowdStrike. CrowdStrike (NASDAQ: CRWD) is a cybersecurity company that offers an artificial intelligence (AI)-driven platform to spot cyber threats and boost its clients' online security. ...
- Workday. ...
- Netflix.
Is Nike stock a Buy, Sell or Hold? Nike stock has received a consensus rating of buy. The average rating score is and is based on 83 buy ratings, 13 hold ratings, and 1 sell ratings.
What is the safest stock to invest in?
- Best safe stocks to buy.
- Berkshire Hathaway.
- The Walt Disney Company.
- Vanguard High-Dividend Yield ETF.
- Procter & Gamble.
- Vanguard Real Estate Index Fund.
- Starbucks.
- Apple.
Costco has a conensus rating of Strong Buy which is based on 20 buy ratings, 6 hold ratings and 0 sell ratings. What is Costco's price target? The average price target for Costco is $772.27. This is based on 26 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
One of the easiest passive income strategies is dividend investing. By purchasing stocks that pay regular dividends, you can earn $2,500 per month in dividend income.
| Symbol | Company Name | Div. Yield |
|---|---|---|
| SLG | SL Green Realty Corp. | 5.98% |
| EPR | EPR Properties | 7.99% |
| AVAL | Grupo Aval Acciones y Valores S.A. | 9.24% |
| PSEC | Prospect Capital Corporation | 13.07% |
| Discount Rate | Present Value | Future Value |
|---|---|---|
| 6% | $1,000 | $3,207.14 |
| 7% | $1,000 | $3,869.68 |
| 8% | $1,000 | $4,660.96 |
| 9% | $1,000 | $5,604.41 |
