--- title: "Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade" description: "The article discusses three stocks that could potentially turn a $100,000 investment into $1 million over a decade. The first is Taiwan Semiconductor Manufacturing (TSMC), a leading chip manufacturer " type: "news" locale: "en" url: "https://longbridge.com/en/news/276718110.md" published_at: "2026-02-24T10:32:19.000Z" --- # Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade > The article discusses three stocks that could potentially turn a $100,000 investment into $1 million over a decade. The first is Taiwan Semiconductor Manufacturing (TSMC), a leading chip manufacturer with strong growth prospects due to the demand for AI data centers. The second is ServiceNow, a workflow automation platform that is expected to grow despite recent market challenges. Lastly, BYD Company, a major player in electric vehicles and lithium battery manufacturing, is highlighted for its growth in Europe and advancements in battery technology. Investors are encouraged to consider these stocks for long-term gains. Are you looking to turn a modest amount of money into a seven-figure sum in a relatively short period of time? Most get-rich-quick ideas end up being a bust. There are some names, however, that should be capable of beating the broad market's performance well enough to do so, if you can give them enough time -- like 10 years. Here's a closer look at three such prospects. ## 1\. Taiwan Semiconductor Manufacturing Contrary to a common assumption, chipmakers like **Nvidia**, **Intel**, and **Qualcomm** don't actually make their own silicon. Although Intel is making some problem-plagued efforts to establish its own foundries, by and large most of these companies recognize that it's actually cheaper -- and far easier -- to punt this work to a third-party manufacturer. ![A person sleeps while surrounded by cash bundles.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTUxODUvbWlsbGlvbmFpcmUtcmV0aXJlZS1zbGVlcGluZy1jb21mb3J0YWJseS5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Getty Images. **Taiwan Semiconductor Manufacturing** (TSM 0.14%) is one of these manufacturers. It's also the biggest, particularly for the high-performance microchips required by computers, artificial intelligence (AI) data centers, and smartphones. All told, it did $112 billion worth of business last year, up nearly 32% from 2024's top line. Analysts are looking for sales growth of more than 30% this year, and nearly 24% next year, as the number of AI data centers continues to explode. Expand ![Taiwan Semiconductor Manufacturing Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1RTTS5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NYSE: TSM Taiwan Semiconductor Manufacturing Today's Change (-0.14%) $-0.50 Current Price $370.04 ### Key Data Points Market Cap $1.9T Day's Range $366.46 - $373.43 52wk Range $134.25 - $380.00 Volume 28K Avg Vol 13M Gross Margin 59.02% Dividend Yield 0.83% Not every year will be so good; the chip industry is at least occasionally somewhat cyclical, too. With what's effectively a near-monopoly on the semiconductor manufacturing business, TSMC is certain to enjoy more good years than bad. ## 2\. ServiceNow It's been a rough past few weeks for most artificial intelligence stocks. **ServiceNow** (NOW 3.42%) is no exception. Shares of this workflow automation platform provider have been nearly halved just since the middle of last year, despite analysts' expectations for revenue growth of 21% this year and more than 18% next year. Being in the AI business is just a huge liability at this time. What's largely underappreciated about ServiceNow, however, is that it was a successful digital/automated workflow service provider well before AI revolution heated up. And, given the practical, user-friendly nature *and* proven marketability of its offerings, it's unlikely that any sweeping rethink of all the money currently being spent on AI now will actually disrupt ServiceNow's business growth. ## 3\. BYD Finally, anyone keeping close tabs on China's electric vehicle powerhouse **BYD Company** (BYDDY +1.69%) likely knows it continues to lose market share in its home market, slipping to 16% last month versus 27% at this point a year earlier. Expand ![BYD Company Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0JZRERZLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## OTC: BYDDY BYD Company Today's Change (1.69%) $0.21 Current Price $12.62 ### Key Data Points Market Cap $139B Day's Range $12.57 - $12.77 52wk Range $11.20 - $20.05 Volume 1.9M Avg Vol 1.7M Gross Margin 23.15% Dividend Yield 1.46% BYD isn't strictly focused on China anymore, though. It delivered a total of 187,657 EVs to a very receptive Europe last year, up more than 268% from 2024's count. Look for impressive numbers here going forward, too. That's still not a core component of the bullish argument here, however. BYD stock is a buy predominantly because it's already the world's second-biggest manufacturer of the lithium batteries used in electric vehicles. It's making great strides (like solid-state batteries and lithium iron phosphate "blade" batteries) that should keep it competitive in an EV battery market that Precedence Research expects to grow at an average annualized pace of 26% through 2034. ### Related Stocks - [BYDDY.US - BYD Company](https://longbridge.com/en/quote/BYDDY.US.md) - [IXN.US - ISHRS S&P Glb It](https://longbridge.com/en/quote/IXN.US.md) - [002594.CN - BYD](https://longbridge.com/en/quote/002594.CN.md) - [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md) - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) - [512760.CN - Guotai CES Semiconductor Chip Industry ETF](https://longbridge.com/en/quote/512760.CN.md) - [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md) - [01211.HK - BYD COMPANY](https://longbridge.com/en/quote/01211.HK.md) - [FTXL.US - First Trust Nasdaq Food & Semicon](https://longbridge.com/en/quote/FTXL.US.md) - [XSD.US - SPDR S&P Semicon](https://longbridge.com/en/quote/XSD.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Vestmark Advisory Solutions Inc. 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