Growth stocks are good additions to our portfolio to boost our investment returns over the long term. Most of the stocks in our portfolio will be average or even loss making but there may be 1 or 2 super growth stocks in our portfolio which boost our returns significantly.
An example of a growth stock is Netflix which grew by 145x if you invested in 2003. $10,000 invested in 2003 would be worth $1.45 Million now. Its a long 19 years but still the returns are exceptional at average of 763% annually. Another growth stock, Tesla grew by 146x in 10 years from 2012 to 2022. $10,000 invested in 2012 would be worth $1.46 Million now. While these growth stocks would have given our wealth a significant boost, the issue is always how do we pick winning growth stocks?
For Singapore market, there are also growth stocks. An example is iFast which grew 8x in just 2 years from 2020 to 2022. $10,000 invested in 2020 would have grown to $80,000 in just 2 years....