Stock Doubling every 3 years (2024)

FAQs

Which stocks doubles every 3 years? ›

Borosil Renewables, Acrysil, Asian Paints, Torrent Pharmaceuticals, Pidilite Industries and Titan Company stood among the rest of the players which also doubled investors' money every four years. (See table). YES Securities is bullish on Acrysil with a price target of Rs 1,150.

But over the long haul, you can expect your investments to grow at about 10% a year, doubling every seven years or so. Get Forbes Advisor's expert insights on investing in a variety of financial instruments, from stocks and bonds to cryptocurrencies and more.

Wayfair Inc. (NYSE:W), Match Group, Inc. (NASDAQ:MTCH), and Palantir Technologies Inc. (NYSE:PLTR) are some of the stocks that will double in 2024, besides StoneCo Ltd.

The sell-half rule recommends that you sell half of a stock that doubles in price and you should be quicker to sell aggressive stocks than conservative stocks.

1 At 10%, you could double your initial investment every seven years (72 divided by 10). In a less-risky investment such as bonds, which have averaged a return of about 5% to 6% over the same period, you could expect to double your money in about 12 years (72 divided by 6).

An investment of Rs 30,000 every month with annual returns of 12 per cent, it takes eight years to reach your first Rs 50 lakh. But it takes just half the time, or just four years, to earn your second Rs 50 lakh, and for the third Rs 50 lakh, you need just three years.

How long does it take 100k to double? ›

How To Use the Rule of 72 To Estimate Returns. Let's say you have an investment balance of $100,000, and you want to know how long it will take to get it to $200,000 without adding any more funds. With an estimated annual return of 7%, you'd divide 72 by 7 to see that your investment will double every 10.29 years.

Instead, it's the stocks of mega-size companies – Alphabet (GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) – that have soared in price over the past year, propelling the broad market to double-digit returns.

Less than three months into 2024, the usual suspects are lifting the stock market higher. The so-called "Magnificent Seven" (Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla) remain some of the hottest stocks on Wall Street.

'Happy Diwali': "Investment should be such that the money doubles every 3 years... Compounding should be done at the rate of 21-22% annually... Buy such shares which have the potential to double... at the right price.

These stocks are Shree Cement Ltd, Ceat Ltd, ACC, JK Cement Ltd, BEML Ltd, Motilal Oswal Financial and Birla Corp Ltd. Seven stocks out of the Nifty 50 basket have the potential to double their earnings next year, a Moneycontrol study has found.