Building Wealth Early: 3 Stocks Every Young Investor Should Own

Laying a strong financial foundation early in life is crucial when choosing stocks for young investors. Taking advantage of the power of compounding allows even modest investments to grow significantly over extended periods. In other words, small, regular contributions can snowball into a significant nest egg over time. The historical performance of the S&P 500 index, averaging around a 10% annual return with dividends reinvested, exemplifies the wealth-creation potential of equities. Thus, the key is to in ...