Image source: Getty Images
While becoming wealthy through stock market investing is the goal, it is never a guarantee. Investing in high-risk and high-growth stocks without regard to whether the underlying companies can truly deliver on that front, in the long run, is a big mistake many new investors make.
Generally, stocks that have a strong potential to deliver about 1,000% returns over an extended period are considered millionaire-maker stocks. However, it is essential to take your time to identify companies with a realistic ability to grow revenues and earnings faster than the broader market to ensure that they can capture outsized gains for meaningful wealth growth.
The TSX has produced several millionaire-maker stocks. However, investing in companies that have already delivered those multi-bagger returns does not guarantee similar returns to what early investors earned.
The multi-fold return stocks of…
