You can say what you like about the stockmarket, but you can't say it's not a meritocracy. That's the essence of it in the digital age, anyone with access to the internet can use their own intellect to create permanent wealth for themselves and their family.
While making a million million to earn trillionaire status may be too ambitious, investing just $400 per month over 20 years can secure millionaire status if you average an annual 14% return on your investment. An inspirational man once said it always seems impossible until it's done, so let's look to some high-growth stocks to get it done.
Sirtex Medical Limited (ASX: SRX) is a business with big potential, it's already growing revenues rapidly in selling its innovative selective internal radiation therapy for the treatment of inoperable liver cancer. Annual growth of a dollar invested since 2000 is 23% and the company is investing heavily in clinical trials to demonstrate the efficacy of its nano-technology in treating primary liver cancer. This could be a game changer for a company with the world at its feet in pioneering new treatments for one of the world's most common cancers.
Domino's Pizza Enterprises Ltd (ASX: DMP) recently launched in Japan, a mega-market capable of propelling growth far into the future. Initial sales have been excellent and the group's quality management team are as active as ever in the quest to keep serving up profits.
You don't sell pizzas this cheap at a profit unless you have serious cost controls. Hungry punters are encouraged to order online, so moderately remunerated staff waste less time talking toppings on the phone when they could be making pizzas. Most of us will appreciate that demand for pizzas remains constant whatever the economic cycle, and selling for $19.20 the price-earnings is 30 based on analyst forecasts for 2015's earnings per share.
Demand for legal services also tends to be fairly recession proof and another business with high year-on-year earnings-per-share growth and potential to keep climbing is Slater & Gordon Limited (ASX: SGH). These entrepreneurial lawyers are expanding into a large and lucrative UK market and the business has developed a strong brand reputation. Rival legal eagle Bentham IMF Ltd (ASX: IMF) looks cheap and has potential to deliver a head start on your journey to riches if it can crack the high stakes North American market.
Dietary habits will shift over the next 20 years and salmon farmer Tassal Group (ASX: TGR) represents a future of healthier eating. Its farmed fish supply should increase to meet demand that equals potential for higher prices and bigger profits.
While Treasury Wine Estates Ltd (ASX: TWE) has a new chief executive charged with a turnaround and unlocking shareholder value that disappeared under old management. Cutting waste is top of the agenda, while marketing brands such as jewel in the crown, Penfolds, will be key to top-line and margin growth capable of delivering growing returns. Don't back a turnaround story unless change is afoot, but it may be here.
Foolish takeaway
Those looking to take a more aggressive growth strategy over long-term horizons should consider the above. Sirtex perhaps the pick on a risk reward basis.
