Investing $10,000 in These 3 Growth Stocks 10 Years Ago Would Have Created a Portfolio Worth $3.4 Million Today

It's tempting to try and pick stocks that you think might double or triple in value in a year or two. However, the best gains often come over the long term, and sometimes they can come in unexpected ways. That's why investing in multiple stocks can be an effective strategy because it's almost impossible to predict where a business might end up in the long run. If you hit it big with a few stocks, that can more than make up for underwhelming performances in other areas of your portfolio.Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Tesla (NASDAQ: TSLA) are three of the best growth stocks you could have invested in a decade ago. Investing $10,000 in each of these three stocks 10 years ago would have produced a portfolio worth more than $3.4 million today. Here's a look at how much these investments would be worth individually today, why they have done so well, and whether these stocks can still be good buys right now.Nvidia is a great example of how investing in a solid growth stock can pay off in unexpected ways in the future. A decade ago, no one knew about chatbots or the role Nvidia might play in advancing next-gen technologies through its artificial intelligence (AI) chips. Today, however, it has become one of the most valuable companies in the world, with a market cap of about $3.2 trillion. If you invested $10,000 into the stock 10 years ago, that investment would be worth a staggering $2.7 million now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool