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Stock impact report

3 Stocks That Could Turn $1,000 into $5,000 by 2030 [Yahoo! Finance]

Roblox Corporation Class A (RBLX) 
Company Research Source: Yahoo! Finance
As businesses grow their profits and cash flows, their share prices should rise in tandem, netting you valuable capital gains and lifting the value of your investment portfolio. The key is to be patient and have a long-term view so that your stocks can reach their full potential. The best types of growth stocks are those with a dominant business model and a track record of growth over the years. These businesses have the potential to become multibaggers, defined as stocks that multiply in value many times over. Other key characteristics include a strong management team, having the knack to evolve its business to keep up with the latest trends, and the ability to ride on long-term tailwinds. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Here are three stocks that have the potential to grow $1,000 by fivefold or more in six years. Shopify (NYSE: SHOP) operates a platform that equips entrepreneurs and small busin Show less Read more
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