Got $5,000? 2 Top-Growth Stocks to Buy That Could Double Your Money
Micron Technology(MU) The Motley Fool·2024-10-20 10:10
These two stocks look well positioned for a rebound. If you're looking to get started investing, $5,000 is a nice nest egg to start with. That's about what the average American makes in a month, and it can grow on the stock market faster than you might expect. The S&P 500 has historically returned an average of 9% a year with dividends reinvested, which means it would double every eight years thanks to the power of compounding. That means you would expect it to turn into $10,000 by 2032, $20,000 by 2040, an ...