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Got $5,000? These 3 Growth Stocks Are Bargain Buys Right Now.
CCLCarnival (CCL) The Motley Fool·2024-12-05 09:55

Investing 5,000canbeagoodamounttoputintoagrowthstockbecauseitcanleadtosignificantlong−termgains.Ifitcanriseinvalueby105,000 can be a good amount to put into a growth stock because it can lead to significant long-term gains. If it can rise in value by 10% per year, it would take a little more than seven years for it to double your returns.Rather than investing a few hundred dollars or less, a 5,000 investment can give you enough skin in the game to ensure you're making a fair bit of money if you pick a good stock. Plus, investing $5,000 can give you an incentive to be more selective when picking an investment to ...