3 Stocks That Can Help You to Get Richer in the Next 5 Years

A logistics stock

TFI International (TSX:TFII) is one of the largest trucking companies in Canada, with a massive fleet and a wide range of trucks. It also owns a strong network of operating companies (over 90) and facilities (over 620) spread out across North America.

Its growth has been both organic and fueled by several strategic acquisitions over the years, including Daseke, which added thousands of tractors and trailers to its fleet.

TFII has been a powerful grower as a stock, especially in the last five years. The stock rose by over 300% over that period, and if you add in the dividends as well, the overall returns will increase by 343%. Assuming similar growth in the coming five years is impractical because this bull market phase included explosive post-pandemic growth.

However, the chances of the stock doubling your capital in the next five years might be decent enough — i.e., just one-third of its current five-year growth.

A retail stock

Canada has its fair share of retail giants and when it comes to dollar store chains, Dollarama (TSX:DOL) is the value retailer giant of the country. There are over a thousand stores under the Dollarama banner, and the company is projecting the doubling of this number by 2031.

The financials of the company are healthy and it recently posted about 16% growth in its sales for the year 2024.

The stock has mimicked the impressive organic growth of the business. It has returned over 195% to its investors in the last five years, but even more impressive than that number is the consistency of its growth.

Almost none of the market dips, including the 2020 crash, are reflected in the stock’s performance, at least not to scale. It pays dividends as well, but the yield and dividend-based returns are almost negligible compared to its growth potential.

An energy/industrial stock

Even though TerraVest (TSX:TVK) is technically among energy stocks in Canada, it’s unique enough to offer a completely different performance pattern from the rest of the sector.

The company makes specialized equipment for several business-to-business customers, mostly from the energy sector, but it also makes products for a business-to-customer base.

Its business model allowed the stock to survive the energy sector’s decline during the early days of the pandemic, and it made an almost complete recovery from the 2020 crash in less than four months, far swifter than the rest of the sector.

Even now, when the energy sector is stagnant and expected to go bearish, the Terravest stock is climbing. Its returns in the last five years have been quite impressive at 484%. Even a fraction of this growth in the next five years may significantly boost your portfolio.

Foolish takeaway

All three stocks have more than doubled their investors’ money in the last five years, and a similar/comparable performance in the next five years (assuming you divest enough capital in the three companies) can considerably impact your wealth.

Reuters
Nvidia leads global market cap gainers in May with AI-driven rally
Nvidia's market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement of its stock split further boosted investor enthusiasm. Microsoft maintained its position as the leading global company by market cap, rising 6.6% to $3.08 trillion in May, with shares touching record highs driven by expectations that AI will significantly boost profit growth for Microsoft and its major competitors.
The Motley Fool
RRSP Must-Haves: 2 Canadian Stocks to Secure Your Retirement
Future retirees can use the RRSP to save for retirement and be financially secure with the help of a Dividend King and dividend pioneer. The post RRSP Must-Haves: 2 Canadian Stocks to Secure Your Retirement appeared first on The Motley Fool Canada.
GOBankingRates
Cutting Out These 9 Expenses Will Save Retirees Over $29,000 a Year
Most retirees live on a fixed income, so they look for ways to cut down on expenses and save money. This isn't always easy to do, especially if you already feel like you're living with the least...
Moneywise
Warren Buffett once shared how he could've turned $114 into $400K with his dead-simple signature investing style
It’s about America.
Simply Wall St.
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42
Royal Bank of Canada's ( TSE:RY ) dividend will be increasing from last year's payment of the same period to CA$1.42 on...
Financial Post
To cut or hold interest rates — all eyes are on the Bank of Canada
Economists say there are risks to the economy if the central bank doesn’t cut in June or signal a cut for July
Yahoo Finance
Ford CEO on the future of EVs, Detroit, and his relationship with Tesla's Elon Musk
Ford CEO Jim Farley sits down for a new edition of Yahoo Finance's 'Opening Bid' podcast, sharing why the auto giant has spent $1 billion to rebuild a Detroit landmark, and why he remains bullish on EVs.
GOBankingRates
8 Ways Baby Boomers Become Poor in Retirement
As the baby boomer generation enters retirement, a growing number of them face unexpected financial challenges that threaten their retirement security. Try This: Retired But Want To Work? Try These 10...
Bloomberg
Oil Steady After OPEC+ Signals Plan to Return Barrels to Market
(Bloomberg) -- Oil was little changed after OPEC+ set out a plan to restore some production as early as October, despite concerns over the demand outlook and robust supply from outside of the group.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAMLO Protege Sheinbaum Be
Fortune
Jerome Powell’s Federal Reserve is stuck in a self-defeating paradox that makes cutting rates more difficult, economist warns
"You can call this the Fed Cut Reflexivity Paradox: The more the Fed insists that the next move in interest rates is a cut, the more financial conditions will ease, making it more difficult for the Fed to cut."
CNN Business
A shady financial tool from the housing-bubble era is making a comeback
America’s gummed-up housing market is a $45 trillion mess — a big old knot of economic forces smashing into a century’s worth of cultural conditioning about the value of homeownership.
Bloomberg
Bursts of Free Power Raise Red Flags for Green Tech Investors
(Bloomberg) -- Something strange is going on in Europe’s power markets: Prices keep dropping below zero.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceHomebuyers Are Starting to Revolt Over Steep Prices Across USMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyNvidia Unveils Next-Generation Rubin AI Platform for 2026Global Banks Start Targeting a New Breed of Real Estate RiskSolar parks on Spanish plains and wind turbines above Norwegia
Bloomberg
Key engines of US consumer spending are losing steam all at once
(Bloomberg) -- The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off.
GOBankingRates
If You’d Invested $1,000 in Starbucks’ IPO, Here’s How Much You Would Have Today
Starbucks coffee was founded in 1971 and quickly grew from a one-store shop in Seattle to a global phenomenon, selling millions of drinks per week. Millions of Americans, and indeed consumers around...
Business Insider
The battle over Elon Musk's pay package is a showdown between his army of supporters and institutional investors
Mark your calendars. June 13 is the day of Tesla's annual shareholder meeting, where Elon Musk's pay package will be decided.
Barrons.com
Meta Platforms Could Be Next to Split Its Stock
Meta Platforms is the odd company out in the Magnificent Seven when it comes to stock splits. Stock splits are all the rage these days after Nvidia Sony Lam Research and Chipotle recently announced plans to split their shares. Walmart has already split its stock earlier this year. Stock splits don’t change the value or fundamentals of a company.
Bloomberg
Turkish Inflation Tops 75% But Worst of Crisis Likely Over
(Bloomberg) -- Turkey’s inflation accelerated more than forecast last month, in what officials hope marks the worst of a yearslong cost-of-living crisis.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAMLO Protege Sheinbaum Becomes First Female President in MexicoData on
Simply Wall St.
If EPS Growth Is Important To You, NVIDIA (NASDAQ:NVDA) Presents An Opportunity
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Simply Wall St.
Exploring Three TSX Growth Companies With Strong Insider Ownership
The Canadian market continues to navigate through a landscape marked by evolving economic trends and shifting market conditions, as analyzed by experts like Craig Fehr. In this environment, understanding the nuances of growth companies with high insider ownership can offer investors a unique perspective on potential resilience and commitment to long-term success.
Investing.com
Wells Fargo says Nvidia 'so much more than GPUs' after next-gen chip announcement
Nvidia (NASDAQ:NVDA)'s latest announcements at Computex in Taiwan have further proved that the chipmaker is “so much more than GPUs,” Wells Fargo analysts highlighted in a Sunday note.

S&P/TSX

S&P 500

DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

CMC Crypto 200

GOLD FUTURES

RUSSELL 2000

10-Yr Bond

NASDAQ

VOLATILITY

FTSE

NIKKEI 225

CAD/EUR

NYSE EQUITIES INVESTIGATING REPORTED TECHNICAL ISSUE

A logistics stock

A retail stock

An energy/industrial stock

Foolish takeaway

Latest Stories