Could Investing $20,000 in Nvidia Make You a Millionaire?


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Nvidia stock has made investors millionaires in the last 10 years. Is it too late to invest to become a millionaire? This year, you can invest $7,000 in your Tax-Free Savings Account (TFSA). But if you had invested around $6,000 equally in Canadian tech stocks Shopify and Dye & Durham during the October 2023 dip, your investment would have now increased to $13,490. It is a good time to sell these stocks and book profits. You can add the $7,000 TFSA contribution and buy Nvidia (NASDAQ:NVDA) stock for US$20,000. Comparing Apple with Nvidia Generally, it is suggested you diversify your...