What stocks will 5-10x in the next 5 years?
There are so many stocks that have risen 5x in the last 5 years. Including most of the FAANG companies. Many tech IPOs in last 2 years did 30x,50x, or even 100x in some cases. If you picked almost any of them and put $1M in it you’d be set for life.
Will this happen again? Curious what companies other folks are following.
I am looking for 3-5 companies to put all my NW in. Looking for 5x gains in the next 5 years so I can retire comfortably.
Ones on my list (need more ideas pls):
NIO
DASH
PLTR
COIN
UBER
And please do not say BTC. I invest in crypto but do not have enough faith to put all my NW in.
Edit: Good god this blew up. Let me qualify a few things.
1) Obviously no one has a crystal ball. Duh. Move on and comment somewhere else if you have nothing to contribute.
2) No risk no reward. My advice: learn how to hedge.
3) I’m not interested in a measly 5-10% return. Get outta here with your diversification.
TC: $350k
NW: $2.3MM
YOE: 9
comments
FB definitely won't.
Over the long term, a good annualized return is about 6%. If you expect more than that and target companies you think will get that for you, you are going to lose a substantial chunk of your wealth.
The market will have to come back to reality soon. You’re not 5x or 10x’ing your money in the next 5 years without being incredibly lucky on timing.
It’s been so long since a crash so many 20 and 30 year olds believe the current market is normal and continue forever. Good luck when the next crash comes. You’re going to be like all the kids in the dotcom boom that thought the same way and lost everything.