Amazon is doing a 20-for-1 split on its nearly $3,000 stock. In other words, don't invest in Amazon just because the stock is splitting. Three other stocks that might follow suit one day soon are ASML Holding (NASDAQ: ASML), Broadcom (NASDAQ: AVGO), and SVB Financial Group (NASDAQ: SIVB). Read More...
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$5,000 Invested in These 3 Stocks Could Make You Rich Over the Next 20 Years
Worse, many common attempts to get rich quick — by purchasing penny stocks, for instance, or investing using a lot of margin — tend to end up making people poorer, not richer. If it averages, say, 15% annual growth over 20 years, it would grow to more than $80,000. Over the past decade, its stock has averaged an annual return of 20.4%, enough to turn a $10,000 investment into $64,045 — and that’s without reinvesting dividends.
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