3 Stocks That Could Turn $1,000 Into $5,000 by 2030 

Is there a way to grow your money fivefold in five years? Such returns need you to buy the dip of a recovering stock.

| More on:
space ship model takes off

Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Can a stock convert $1,000 into $5,000 by 2030? This kind of return needs a stock that can grow your money by 38% annually for the next five years. It is difficult to find a stock that can sustain this kind of growth, but a cheap growth stock can give you such returns.

Three stocks that could turn $1,000 into $5,000 by 2030 

You could consider buying these stocks at a dip and selling them at a set target and then moving on to pursue the next growth target.

AMD stock

Created with Highcharts 11.4.3Advanced Micro Devices PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Advanced Micro Devices (NASDAQ:AMD) stock is the underdog in the artificial intelligence (AI) chip space. While Nvidia grew by leaps and bounds, AMD stock fell 12% this year as it entered the AI race late. Many analysts expect the data center AI chip demand to slow in 2025 as companies absorb the current capacity. However, buying and holding AMD stock at its low of US$127 creates an opportunity to enter early in the next growth cycle that could bring 100% return in less than a year.

This growth cycle could be as early as 2025, driven by AI personal computer and networking chip demand. You could buy the current dip and consider selling the stock once the price crosses $260. You can reinvest the profits from AMD to pursue the next growth trend.

Magna International

Created with Highcharts 11.4.3Magna International PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Magna International (TSX:MG) has been awaiting recovery for four years. The automotive component supplier was badly hit by the decline in electric vehicle (EV) sales as well as overall passenger vehicle sales. One of its clients, Fisker, even filed for bankruptcy as high inflation and rising interest rates dampened consumer spending. Magna even wrote off losses from Fisker.

However, automotive demand could recover in the United States in the coming three years under Donald Trump’s presidency, which favours gasoline cars over EVs. Whether it be gasoline cars or EVs, Magna will benefit from the recovery in passenger vehicle demand.

Now is a good time to buy Magna while it trades near the 2020 level of $61. A recovery could bring a significant jump in Magna’s share price and send it above $100 in 2025. Magna is not a stock worth holding for the long term as it operates in a cyclical market. You could consider selling the share above $100 and lock in 60% capital appreciation.  

BCE stock

Created with Highcharts 11.4.3Bce PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

BCE (TSX:BCE) could also help you in your five-times growth journey as the telecom stock is closer to turning its downtrend into an uptrend. The industry challenges, high debt, and a company-wide restructuring pulled the stock price to its 14-year low of $33. The stock price could recover to $60, an 80% upside, as restructuring benefits unfold and profits return. In the meantime, you can enjoy a 12% dividend yield.

However, closely monitor the stock as it could fall further before it jumps. The recovery may be delayed, but it will come as 5G adoption drives AI at the edge and creates a world of self-driving cars and drone deliveries by 2030.

Investor takeaway

The above three stocks have strong growth potential in the next two years. You could grab the buy-the-dip opportunity and strive to convert $1,000 to $5,000.

Should you invest $1,000 in Brookfield Asset Management right now?

Before you buy stock in Brookfield Asset Management, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Brookfield Asset Management wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,697.16!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*.

See the Top Stocks * Returns as of 3/20/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Advanced Micro Devices, Magna International, and Nvidia. The Motley Fool has a disclosure policy.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Stocks for Beginners

dividends grow over time
Stocks for Beginners

The Top Canadian Stocks to Buy Right Away With $4,000

If you only have $4,000 to invest, then these Canadian stocks are some of the best options out there.

Read more »

A shopper makes purchases from an online store.
Tech Stocks

Buy the Dip on the Return of Recession Stocks?

If a recession comes back, there are some stocks that could fair well afterwards. And this is one of the…

Read more »

Man holds Canadian dollars in differing amounts
Stocks for Beginners

Cash Is King? Think Again During Today’s Market Dip

Sure, cash is great, but during a market dip investors may want to consider using some of the cash to…

Read more »

grow money, wealth build
Stocks for Beginners

How I’d Build a $15,000 Portfolio for Income and Growth With Canadian Value Stocks

Looking for some Canadian value stocks to buy without breaking the bank? Here's a trio to consider buying this month.

Read more »

rain rolls off a protective umbrella in a rainstorm
Dividend Stocks

Economic Headwinds: Should You Still Consider Buying the Dip?

A market dip might seem like a bumpy road, but it can be far smoother in the future with the…

Read more »

calculate and analyze stock
Stocks for Beginners

Stagflation Survivors: An Investment Strategy for Today’s Market Dip

During the market dip, there are ways to keep yourself safe and settled. So, let's get into them.

Read more »

dividends can compound over time
Stocks for Beginners

Inflation Fighters and the Opportunity to Buy the Dip

Inflation continues to be a struggle, but there are ways to battle during this market dip.

Read more »

trends graph charts data over time
Stocks for Beginners

Recession Stocks Are Back: Time to Buy the Dip This April?

During a recession, it's the best idea to go with stocks that have long-term opportunity ahead -- like these two.

Read more »