Howard Silverblatt of Standard and Poor, using data through the end of 2016, calculated that if you’d invested $1,000 in these 3 stocks in the 1980s, you’d be a millionaire today. That calculation is as follow:
- If you put $1,000 in Apple in 1980, you would have $228,113
- If you put $1,000 in Microsoft in 1987, you would have $546,996
- If you put $1,000 in M&T in 1980, you would have $640,948
By only invested $3,000, you would have accumulated a grand total of $1,485,853. So, what are 3 stocks to invest $1000 in nowadays that will earn you a million dollars when you retire? Don’t bother. No one can predict the future stock market’s performance. Your best bet to retire as a millionaire is to save early and consistently throughout your career while investing in low-cost mutual funds. You can learn these five habits of the millionaires today.