Invest $250,000 in three stocks for retirement growth
Investing for retirement can be a smart move for many. To help reach the goal of $1 million, some experts suggest putting $250,000 into three promising stocks for a decade. Sea Limited is one of the top choices. Based in Singapore, this company leads e-commerce in Southeast Asia through its platform, Shopee. Its fintech service, SeaMoney, is also successful. The company’s gaming segment, Garena, gained attention as it featured the world's most downloaded game in 2024. Sea Limited's stock rose 125% in the past year, although it is still priced below its 2021 peak. The company reported a 29% increase in revenue last year, reaching nearly $17 billion, with profits climbing significantly. Nu Holdings is another strong option. This digital bank has become the largest outside Asia, notably giving 21 million Brazilians their first credit card. Around 58% of adults in Brazil have a Nu account. The company continues to expand into Mexico and Colombia, with significant growth potential. In 2024, Nu Holdings made $11.5 billion in revenue, a 43% annual growth, and turned a profit of $2 billion. Despite economic challenges in Brazil, investors remain hopeful for this stock's future. Reddit is a unique choice in the social media space. The company went public a year ago, and its stock saw significant fluctuations. It attracts over 102 million daily visitors, making it a leading platform for advice and community engagement. In 2024, Reddit generated $1.3 billion in revenue, a 62% increase from the previous year, despite facing losses of $484 million. Analysts see promise in Reddit's future profitability, with positive cash flow reported. Investors looking to grow their nest egg may find opportunities with these three stocks over the next decade.