Investing in growth stocks for a long time horizon can result in significant gains.
The stocks listed here have generated returns of more than 7,000% in 15 years.
While their valuations are high, they still have promising growth potential ahead.
If you’re investing in the stock market and have more than 10 years before retirement, then it’s hard to go wrong with growth stocks. Growth stocks can achieve considerable returns over the long haul — much more than you might get with safer options like dividend stocks.
Not every growth stock will be a surefire winner. But three that have been particularly fantastic buys over the past 15 years are Netflix (NASDAQ: NFLX), Axon Enterprise (NASDAQ: AXON), and Broadcom (NASDAQ: AVGO). Investing $15,000 into any one of these stocks would have made you more than $1 million in just 15 years.
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Streaming giant Netflix would have turned a $15,000 investment in 15 years into $1.2 million today. The company has constantly been working on new ways to grow its business. It went from DVDs to streaming, and it even pivoted to making its own movies in an effort to be less dependent on licensing deals. It also got into live sports and video games.
Netflix is what you would expect a top growth stock to look like, with a constant focus on improving its business and adding value for consumers. That’s why it’s little surprise the stock has been a top performer for over a decade.
Last year, its revenue topped $39 billion, marking a near-$10 billion increase in its top line in a span of just three years. Netflix isn’t a cheap stock as it trades at more than 50 times its trailing earnings, but for a growth machine, the premium may be justifiable.
The stock that generated the most impressive gains on this list over the past 15 years is Axon Enterprise. A $15,000 investment in the company in 2010 would now be worth just under $2 million. The company,…
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