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The 10 Best Growth Stocks for Retirement

As we continue to lead longer lives, growth stocks have become an increasingly pivotal part of the retirement pie

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Best Growth Stocks for Retirement: Microsoft (MSFT)

Best Growth Stocks for Retirement: Microsoft (MSFT)
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Microsoft Corporation (NASDAQ:MSFT) is a testament both to the resiliency of economic moats and to the difference a visionary CEO can make.

Former CEO Steve Ballmer was an unmitigated disaster. Under his watch, Microsoft was leapfrogged in mobile by both Apple and Alphabet Inc (NASDAQ:GOOGL). MSFT belatedly dumped a ton of money into struggling handset maker Nokia, only to eventually give up and take an $8 billion loss. Meanwhile, PC sales went into long decline, which crimped sales of the Windows operating system.

I won’t even get into the debacle that was Windows 8.

Yet through it all, the company continued to grow, and revenues have nearly doubled over the past decade.

Then Satya Nadella came along as Ballmer’s replacement, threw Ballmer’s legacy out the window (pun intended) and redesigned Microsoft as a cloud services company that competes head-to-head with Amazon Web Services. Under Nadella’s visionary leadership, Microsoft is now positioned to compete for another generation.

Personal and corporate computing needs have massively changed over the past 30 years, and MSFT has managed to stay relevant. That’s a growth stock you want to own in a retirement portfolio.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/05/the-10-best-growth-stocks-for-a-well-funded-retirement/.

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