Could Buying Costco Wholesale Stock Today Set You Up for Life?

Investing can make you rich. You don't even have to beat the market.Simply trusting your spare cash to an index fund with entirely average long-term returns is more than enough to double your money in 10 years. If you also reinvest dividend in more shares along the way, a fund mirroring the S&P 500 (SNPINDEX: ^GSPC) index can boost your gains to 10.6% a year. That's a total return of 174% per decade, on average. Keep that up for a while, and add more cash over time, and you'll eventually have a pretty nice nest egg.A handful of specific stocks can do the same thing, but that's a tricky idea. No matter how well-run or well-planned a business might be, there is no such thing as a risk-free stock. Building sustainable wealth requires many years and even decades of success. Wall Street is littered with the remains of once-great companies and stocks that had a moment in the sun but couldn't stick around in the long run.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool