Living Well and Financial Wellness in Retirement

5 Stocks for Building Wealth After 50

At The Motley Fool, they believe it’s never too late to start building your fortune in the stock market.

Case in point, Warren Buffett didn’t start accumulating huge amounts of wealth until he hit his 50s. In fact, about 99.7% of his wealth has been earned after his 52nd birthday.

He is the most successful investor in the world.

Even though he was already financially successful before his 50th birthday, Buffett made an amazing $62.7 billion of his $63.3 billion net worth in 2017 after he turned 50.

The real key to Buffett’s financial success is that he’s been a phenomenal investor for three quarters of a century.

Effectively all of Buffett’s financial success can be tied to the financial base he built in his pubescent years and the longevity he maintained in his geriatric years. That’s how compounding works.

According to Motley Fool, here’s five stocks they are recommending today (no matter how old you are!)

Match (NASDAQ: MTCH)
Everyone is looking for love, and the Internet is rapidly becoming the place to find it. Match Group, with its leading portfolio of online dating brands, including Match.com, OkCupid, Tinder, and Plentyoffish, is well-positioned to capitalize on this trend. The stock is up 4X over the last two years, but the business isn’t slowing down. The simple math is that the more people around the world finding love on any of Match Group’s dating properties, the higher your returns are likely to be – and this phenomenon isn’t showing any signs of slowing down.

Twilio (NYSE: TWLO)
Smartphones are made for quick decisions, and app users expect to be able to give — and get — instant feedback. But it’s difficult for many of the businesses producing those apps to deliver all the services their customers want on their own. Instead, they turn to Twilio to do it for them.

Yet Twilio’s client list doesn’t just include small-timers that can’t afford to come up with their own development solutions. You’ll also find Facebook (NASDAQ: FB), Airbnb, and Lyft among the many major corporations that have found it simpler to rely on Twilio’s expertise in app-based communications.

And that’s why we think Twilio’s stock is poised to continue so soar.

Stitch Fix (NASDAQ: SFIX)
Hiring a stylist is expensive but outsourcing your wardrobe choices to an algorithm that meets your personal combination of style and budget has turned out to be cheap. So, it’s not surprising that the online personal styling business Stitch Fix is attracting new customers at a rapid pace. The value proposition is hard to pass up. When new customers join, chances are high they will stick around. And that’s a combination we’re glad to recommend.

Workday (NASDAQ: WDAY)
Workday is one of the strongest, fastest-growing providers of enterprise software via the cloud. Industry experts say the company’s products are top-notch, and the company earns raves for its innovation and workplace culture. But it’s not just about impressing outsiders; Workday is also winning with customers. Most of its revenue is subscription-based, which makes for an attractive recurring revenue stream. We think this stock will beat the market over the next five years. Not only is the business strong, but this isn’t leadership’s first time around the block – Workday’s co-founders are veterans of former HR software leader PeopleSoft, which was bought by Oracle more than a decade ago.

Appian (NASDAQ: APPN)
As companies increasingly focus on efficiency, they face the dilemma of (1) shelling out cash for generic software that doesn’t exactly meet their needs or (2) spending valuable time to create an in-house solution. Appian has an answer. Its “low-code” software development platform helps clients build their own custom applications faster than they could on their own. Customers love the assistance. About 95% of them renew their subscriptions, and they tend to spend more money with Appian over time. That’s why I don’t think this tiny $1.2 billion company will stay small for long – and why now is your chance to get in early with Appian.

This information is from Motley Fool Stock Advisor. Motley Fool Stock Advisor has been helping investors find great stocks since 2002.