From Nasdaq:

Long-term investing is the way to go, as it makes big goals achievable. Doubling a $3,000 investment by 2030 would require a 12% annual return, and investing in quality stocks like Alphabet and Netflix can help reach that goal. These companies have strong fundamentals and growth potential to provide substantial investment returns.

Alphabet, a member of the “Magnificent Seven,” has seen immense wealth creation for shareholders due to its cash flow from advertising and the successful repurchasing of shares. The company’s strong fundamentals and expected annual earnings growth of more than 17% provide a solid foundation for investment returns to double by 2030.

Netflix, with a $210 billion market cap and 247 million paying subscriptions, has become a cash cow with a 22% conversion rate of free cash flow. With its growth opportunities in international markets and continued strong earnings growth, Netflix presents a realistic candidate to double investment returns by 2030.

Investors looking to double their investment may want to consider the 10 best stocks for investors to buy now identified by The Motley Fool Stock Advisor analyst team for potential monster returns in the coming years. Notably, Alphabet and Netflix were not part of this list, but other stocks selected could provide significant returns.



Read more: Got $3,000? These Stocks Could Double Your Money by 2030