5 Stocks to Buy Now to Double Your Money | Summary and Q&A

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October 7, 2020
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Let's Talk Money! with Joseph Hogue, CFA
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5 Stocks to Buy Now to Double Your Money

TL;DR

Learn how to identify stocks with the potential for high returns using a three-step process, and discover five promising stocks to consider.

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Questions & Answers

Q: What is the average annual return on the stock market over the past 30 years?

The average annual return on the stock market over the last 30 years is 11%.

Q: Can stocks double or triple your investment?

Yes, there are stocks that have the potential to double or even triple your investment, but it requires careful analysis and following a specific process.

Q: How can investors find stocks with high growth potential?

Investors can find stocks with high growth potential by following a three-step process: thinking like a venture capitalist, focusing on growth and addressable markets, and identifying companies with a competitive advantage.

Q: Are there any specific stocks recommended in the video?

Yes, the video mentions five stocks with potential triple-digit returns: Veritone Inc. (ticker V-E-R-I), Zynex (ticker Z-Y-X-I), Medic Systems (ticker M-I-T-K), Kuru Medical Systems (ticker K-R-M-D), and IRadimed (ticker I-R-M-D).

Summary & Key Takeaways

  • Over the past year, 131 stocks have doubled in value, including mega-cap companies like Apple, Tesla, and Nvidia.

  • The average annual return on the stock market over the last 30 years is 11%, which is significant but not as high as some investors expect.

  • It is possible to find stocks that can double or even triple your investment, but it requires following a three-step process to identify high-growth potential stocks.

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