Investing $10,000 in These 2 Stocks Could Make You $100,000 Richer

When investing in a high-growth stock, you might want to balance your portfolio with a stable stock. Here’s how you can do it.

| More on:
coins jump into piggy bank

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

Investing $10,000 today could set Foolish Investors on the path to life-changing wealth — if they pick the right mix of stocks and hold them for the long term. To build a winning portfolio, it’s important to strike the perfect balance between stability and growth, combining top stocks that can deliver consistent performance with those that have the potential for explosive returns.

By carefully choosing businesses with strong fundamentals and exposure to growing markets, you could expect to benefit from solid long-term gains while managing risk effectively. In this article, I’ll reveal two top TSX stocks that could turn your $10,000 investment into $100,000 over time.

BlackBerry stock

If you’re looking for a top Canadian growth stock for a balanced portfolio, BlackBerry (TSX:BB) could be a great stock to consider. The Waterloo-based tech firm is currently known for its enterprise cybersecurity and IoT (Internet of Things) solutions. BB stock currently trades at $5.89 per share with a market cap of $3.5 billion, thanks to a solid 79% jump in its share price over the last two months.

In its latest quarter ended in November 2024, BlackBerry posted US$162 million in revenue, with impressive growth in its cybersecurity and IoT businesses. The IoT segment achieved a 13% sequential jump in sales due to the increasing adoption of its QNX platform, which already powers over 255 million vehicles globally. Meanwhile, the cybersecurity segment also grew by 7%, driven by its advanced security solutions for public and private organizations.

A key recent development was BlackBerry’s agreement to sell its Cylance endpoint security assets to Arctic Wolf for US$160 million. While the sale might appear to scale back its cybersecurity offerings, BlackBerry plans to maintain a partnership with Arctic Wolf to resell Cylance’s technology. This move could strategically streamline its operations, reduce costs, and place the Canadian tech firm on a faster path to profitability.

Moreover, BlackBerry’s combination of innovation, strategic partnerships, and targeted market focus makes it a standout pick. Now, let’s explore another promising TSX stock that complements BlackBerry’s growth potential with added stability.

Dollarama stock

When investing in a high-growth stock like BlackBerry, it’s important to balance your portfolio with a stable, resilient stock like Dollarama (TSX:DOL). As Canada’s leading discount retailer, it could be considered a dependable investment option with a proven track record of consistent growth.

Trading at $138.50 per share, DOL stock has a market cap of $38.5 billion. With a 47% increase in 2024, it marked the sixth consecutive year of delivering double-digit returns.

Created with Highcharts 11.4.3Dollarama PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

In its most recent quarter ended in October 2024, Dollarama achieved a 5.7% year-over-year increase in sales to $1.56 billion. Its comparable store sales grew by 3.3%, reflecting strong customer demand for its value offerings despite cautious consumer spending.

Dollarama is not just focused on maintaining its existing success but is also planning for future growth. It recently raised its long-term store target in Canada to 2,200 locations by 2034 and announced plans to build a $450 million logistics hub in Calgary to streamline operations and support its expanding network.

The Foolish bottom line

By combining Dollarama’s stability and consistent returns with BlackBerry’s growth potential, a $10,000 investment split between these two TSX stocks could give you some eye-popping returns over the long term. Both companies have strong fundamentals and seem well-placed to thrive in their respective industries.

Should you invest $1,000 in BlackBerry right now?

Before you buy stock in BlackBerry, 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 BlackBerry 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 Jitendra Parashar has positions in BlackBerry and Dollarama. The Motley Fool has no position in any of the stocks mentioned. 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

Stocks for Beginners

Dip Buyers Could Win Big: The Best Canadian Stocks to Buy Now

These two growth stocks have taken hits recently, but their fundamentals remain strong, and their growth prospects are intact.

Read more »

An investor uses a tablet
Stocks for Beginners

The Smartest Canadian Stock to Buy With $250 Right Now

Are you looking for the smartest Canadian stock to buy right now? Consider this gem and avoid market volatility.

Read more »

A train passes Morant's curve in Banff National Park in the Canadian Rockies.
Dividend Stocks

1 Practically Perfect Canadian Stock Down 24% to Buy Now and Hold for Life!

CNR stock is a top Canadian stock for investors, especially with shares down on the TSX today.

Read more »

Canada national flag waving in wind on clear day
Dividend Stocks

The Best Canadian Stocks to Buy Right Away With $30,000

If you have $30,000 you're willing to invest, these are some of the first Canadian stocks to consider on your…

Read more »

rail train
Dividend Stocks

What to Know About Canadian Pacific Railway Stock for 2025

CP stock has now gone through a major merger, so what do investors have to look forward to?

Read more »

Paper Canadian currency of various denominations
Stocks for Beginners

2 Canadian Value Stocks for 2025

There's a fair bit to consider when looking at value stocks, so let's look at two that fit the bill.

Read more »

data analyze research
Stocks for Beginners

Smart Money’s Playbook for the Current Market Dip

This market dip might be worrying investors, so don't worry with these two stocks.

Read more »

Canada day banner background design of flag
Tech Stocks

The Top Canadian Stock to Buy With $5,000 in 2025

There are few Canadian stocks out there that offer the outlook of this tech stock, bound for more growth.

Read more »