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Stock impact report

Could This Undervalued Canadian Stock Be Your Ticket to Millionaire Status [Yahoo! Finance Canada]

Aduro Clean Technologies Inc. (ADUR) 
The primary goal of investing is to build enough wealth and secure your retirement. Most Canadians believe that creating a $1 million portfolio should help them lead a comfortable life in retirement. While the $1 million retirement target might seem daunting at first, it's essential to have a long-term investment horizon to benefit from the power of compounding. For instance, if you invest $1,000 every month and earn 8% annually, you will earn $1 million in 26 years. If you double your investment to $2,000 a month, you can retire with $1 million in the bank within 19 years. The best strategy to build long-term wealth is to focus on diversification and gain exposure to multiple asset classes, including stocks, bonds, gold, and even cryptocurrency. Moreover, those with a high-risk appetite should consider investing in a portfolio of undervalued growth stocks positioned to deliver outsized returns over time. One such cheap Canadian stock is Aduro Clean Technologies CNSX:ACT ), w Show less Read more
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