What is the best type of stocks to invest into to become a millionaire?

William M: What is the best type of stocks to invest into to become a millionaire?
I want to invest into stocks as soon as I turn aged 18. I also want to become a millionaire as I invest. What are the best stocks to invest into to become a millionaire?

Answers and Views:

Answer by sashazur
No load index funds, that you invest in for the long haul, and put money into regularly (the same amount on a regular basis, known as “dollar cost averaging”). That way you don’t have to constantly buy and sell stocks or spend time picking stocks, you don’t have to worry about “buy low sell high”, and the fund won’t skim money away for transaction fees. With an index fund, your money will go up or down with the market average, and since historically the market average goes up over long periods, you will make out OK if you start as a teenager.

Answer by Elvyn R
Invest in CRGN this is a biotech co. with a stock price at 1.02. The price will go higher very soon. Look at MSN.COM finance it is rated 10 out of 10.

Answer by stevepitt2
Invest in blue chip companies that have a long history of raising their dividends over time.

Answer by Mr. Prefect
I am glad you have high ambitions for yourself, but investing is not as easy as picking the “best” stock. What is in this moment today, may be out tomorrow without warning. Who would have thought a few years back that behemoths like Citibank ot Bank of America would have ever sold for a buck, but it happened months back. How many people realized years ago that Apple would be able to successfully take on Microsoft and win?
One never knows. All you can do is diversify, time things right, watch over everything closely, say your prayers, be a bit lucky, and hope for the best.