Many stocks have minted millionaires over time, depending on how much they started with. Obviously, it’s a lot easier to turn $500,000 into $1 million than starting from $1,000. You can still get there if you don’t have $500,000, though. If you invest in a group of reliable growth stocks and let your portfolio grow […]
There are about 24 million millionaires in the U.S., which is approximately the population of Florida. And while a million dollars doesn’t go as far as it used to, it’s still a healthy sum. The stock market, and artificial intelligence (AI) stocks in particular, can offer an excellent pathway for those looking to crack the […]
Buying and holding solid technology stocks for a long time is a tried and tested way of making money in the stock market. This strategy allows investors to both capitalize on the disruptive innovation in this sector and benefit from the power of compounding. For instance, a $1,000 investment made in the Nasdaq-100 Technology Sector […]
There’s no way to hide the plain facts: Rivian (NASDAQ: RIVN) management sees 2024 as a key turning point for the business. But if it doesn’t achieve the operational goals it has set for itself, the future could be rougher than expected. On the flip side, if Rivian does hit its audacious goals, this electric […]
The tech market has made many millionaires over the years. In fact, investing mogul Warren Buffett’s holding company, Berkshire Hathaway, has dedicated over 40% of its portfolio to the industry. Meanwhile, Berkshire’s value increased at an estimated compound annual growth rate (CAGR) of 18% from 1965 to 2023, outperforming the S&P 500‘s annual return of […]
SoFi Technologies (NASDAQ: SOFI) is an up-and-coming fintech company that aims to change the way Americans manage their finances. It’s leading the charge toward a seamless, digital banking experience, and it has attracted millions of customers. But after SoFi stock soared in 2023, it’s tanking this year. Is it in bargain territory now? And could […]
Shares in Costco (NASDAQ: COST) have risen 229% over the past five years, delivering the kind of growth usually reserved for tech stocks. The company ranks fifth among the world’s largest retailers, with some of its biggest rivals including Walmart and Amazon. Yet Costco appears to have plenty of room left to run. The retail […]
The artificial intelligence (AI) market exploded since the start of last year, creating many millionaires along the way. The vast potential of the technology and its ability to boost countless industries made investors bullish about nearly every company that has ventured into AI. In fact, the Nasdaq-100 technology sector soared 35% since last June, primarily […]
When done right, investing in fintech stocks can be very profitable. These businesses combine the huge addressable markets of finance with the rapid growth rates of tech. If you’re looking for high-upside fintech stocks capable of turning thousands into millions, the two picks below are for you. This is one of the best ways to […]
The tech industry has built a reputation for consistent and significant growth over the long term. So, it’s no surprise that four of the top five most valuable companies in the world are involved in tech, including Microsoft (NASDAQ: MSFT), Apple, Nvidia (NASDAQ: NVDA), and Alphabet. The success of these companies is evident by the […]
Making a million dollars on a stock investment is one of those classic goals you hear many investors say they dream about. And in some rare cases, the dream of a massive return that generates life-changing profits does come true. Investors who took a chance on high-flying Nvidia (NASDAQ: NVDA) back in 2016 and held […]
Most investors understand the importance of diversifying their portfolios. However, there’s no denying that technology stocks regularly outperform most other industries’ stocks. That’s why it wouldn’t be entirely wrong to take on some additional exposure to these names and to the tickers leading the charge, in particular. Semiconductor stocks consistently rank among these leaders. With […]