Even a mediocre stock tends to beat the most generous savings accounts in the long run. But why settle for mediocre when you can buy a market-crushing cash machine? That's the way to start building a richer retirement today.
Online retailer Amazon.com (NASDAQ:AMZN) is one of the stock market's biggest winners since 2001. If you bought Amazon when everyone else thought the company would perish in the dot-com crash, you're sitting on 41% compound annual returns today. Buying Wal-Mart stock or a Dow Jones Industrial Average fund at the same time would only have given you single-digit annual returns -- but even those limping gains would have treated you better than a money market account.
In the video below, Fool analyst Anders Bylund explains why it's not too late to get rich with Amazon's amazing stock.
Retire rich with these 3 stocks
It's no secret that investors tend to be impatient with the market, but the best investment strategy is to buy shares in solid businesses and keep them for the long term. It's even better when you can identify a stellar business like Amazon, even as other investors are giving up on the same stock. In the special free report "3 Stocks That Will Help You Retire Rich," The Motley Fool shares investment ideas and strategies that could help you build wealth for years to come. Click here to grab your free copy today.
Fool contributor Anders Bylund has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.