Long-term investing is the cornerstone of wealth creation, prioritizing steady growth over fleeting market spikes. Before buying stocks, investors should go into it with the idea of owning a stock for a minimum of three to five years, but ideally for a decade or more, to harness compounding returns.
Still, some stocks do have the potential for explosive growth over shorter periods. These high-risk, high-reward picks require careful selection to avoid pitfalls of poor fundamentals, overvaluation, or even sector downturns.
The following three stocks — all rooted in emerging sectors — just might triple in three years. However, these opportunities are best suited for investors with a high risk tolerance who are prepared to handle significant volatility.
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