There is something immensely satisfying about doubling an investment in a short time. A 100% return on a stock investment is not extraordinary, but what matters most is the timescale. After all, even 2% high interest savings account will double your money – but only after 36 years.
With that in mind, I set out to uncover so fast that they double within three shorts years.
To achieve this, either the underlying company will need to increase earnings by compounding its market potential.
Finding these "doubles" is not an exact science, but here are my three picks:
The global logistics network has been perfected over decades of globalization and advancing technology. Now, to single click on your smartphone can trigger the delivery of an item manufactured on the other side of the world within two days.
However, the last-mile of this delivery process is still the most resource-intensive and time-consuming.
The solution, according to technology giants and e-commerce leaders, lies in unmanned delivery drones. It’s an industry that could be worth $ 100 billion, and Drone Delivery Canada (TSXV: FLT) is already at its forefront.
The Vaughan-based start-up has exclusive delivery deals with heavyweights like Air Canada and the Moose Cree First Nation. Better technology and bigger deals in the future could further lead its lead.
It is the only listed company focused on this niche industry. Currently valued at just $ 143 million, Drone Delivery Canada is a prime candidate for quick profits.
Why do I think WELL Health Technologies (TSXV: WELL) could you double within the next three years? Well, it has already expanded 15 times in the past three years! That incredible jump in valuation could be partly due to a vote of confidence by Hong Kong's richest man.
Property mogul Li Ka-shing has been buying up the company's shares over the past year. He now controls 11% of the company. Investors like him are betting that the company could be the "WeWork for doctors."
The company’s technology is paperwork from Canada’s notoriously slow healthcare system to improve efficiency and results for patients. Its platform is already used by 850 clinics across the country.
Given that WELL
Doubling within three years is well within the realm of possibility.
Generating cryptocurrency through computational power is risky, but immensely profitable when the crypto market is rising. HIVE Blockchain Technologies (TSXV: HIVE), a company that operates two cryptocurrency mines in Europe, retains about half of the tokens it generates.
The last time I checked, the company had a reserve of Ethereum tokens worth over $ 10 million.
Meanwhile, the company’s cost of mining remains near the United States, while its profits are aligned with the market value of Bitcoin and other major currencies. Bitcoin has nearly tripled this year, while the stock had an excellent run as well.
In other words, HIVE is closely correlated with the market value of Bitcoin, which we all know is unpredictable that it could be doubling while you read this. That 's what puts this stock on the top of my list.
Amazon CEO Shocks Bay Street Investors By Predicting Company "Will Go Bankrupt"
Amazon CEO Jeff Bezos recently warned investors that "Amazon will be disrupted one day" and eventually "will go bankrupt."
What might be even more alarming is that it was dumped roughly $ 1 billion worth of Amazon stock every year …
But Bezos is not just cashing out, he is reinvesting his money into a fast-emerging technology company that he believes will "improve every business."
In fact, this tech opportunity could be bigger than Amazon, Tesla, and Berkshire Hathaway combined.
Get the full scoop on this opportunity that has billionaire investors like Bezos convinced – before it’s too late …
Click here to learn more!
Fool contributor Vishesh Raisinghani has no position in any of the stocks mentioned.