Adam Othman | 5 March 2021 | More on: CNI LSPD CNR GRTUN LSPD

It is said that the odds are not tapped twice, and most of them are, but not all. Take market crashes for example, and you can reap the benefits of the opportunities that arise from the market crashes roughly every ten years or so You can’t make up for lost time, but almost every recession gives you the opportunity to buy great companies for a low price If you hold on to it long enough, your chances of making a million can be relatively high

If you think the market is going to collapse again, the strategy to become a millionaire is very simple: identify great companies with good long-term prospects, buy them at rock bottom, and keep them if the companies you are in If you’ve invested, continue to grow at a decent pace in about two or three decades, they can easily turn you into a millionaire

Lightspeed (TSX: LSPD) (NYSE: LSPD) stock fell nearly 70% during the latest market crash, but as it rebounded, it began to grow at a robust pace while the company doesn’t have a very long history of growth, which can be used to predict its future, there is a precedent in the form of Shopify On top of that, the e-commerce market is said to grow for several years until it saturates

Within the industry, Lightspeed’s growth prospects are also good as it has not yet entered all market segments and can offer its POS and e-commerce services to a wider range of customers at the moment, it’s a very overpriced bet, and one in itself Recession may not make them “fair” valued, let alone undervalued However, buying them at a discount can maximize your growth benefits

Although the company has seen dividend growth for over 25 years, relatively few investors consider Canadian National Railway (TSX: CNR) (NYSE: CNI) stocks for dividends that is often due to its modest yield (177% at the moment) being used by Overshadowed its decent pace of growth, the company has a 10-year CAGR of 168% and a CAGR of five and three years are close to the mark, suggesting that growth is not slowing

If it continues to grow at this rate and you are 20By investing $ 000 in the company, you may become a millionaire in less than three decades. You can offset the likelihood that the company cannot sustain that growth and increase capital for three decades

The company has a dominant position in North America, especially cargo shipping, and it will likely hold on to the coat for a long time to come

From a growth perspective Granite REIT (TSX: GRTUN) had a very “static” 2020 pre-pandemic valuation bounced back quite early on compared to many others in the real estate sector, but valuation almost stagnated afterwards, which is not an encouraging prospect for the short term Investors, but the company’s merits as decent long-term growth assets remain

It has a profitable, geographically diversified real estate portfolio, strong balance sheet, and steadily growing revenue.A byproduct of a stale year is that the price is relatively cheap compared to two other potential millionaire stocks on this list when it’s 10 year old Can Sustain CAGR Growth Rate of 15 At 39%, Granite also has the potential to make you a millionaire in about three decades Currently only 20$ 000 invested

All three companies have the potential to make you a millionaire if they are around 60 in less than three decades$ 000 ($ 20 each)If they can grow as fast as they are growing, you can cut that time significantly if you buy them during a market downturn. This way, you can also incorporate the “recovery” into your overall growth and accelerate its pace

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The fool player Adam Othman has no position in any of the stocks mentioned. The Motley Fool owns and recommends shares in Canadian National Railway, Shopify and Shopify. The Motley Fool owns interests in Lightspeed POS Inc The Motley Fool recommends Canadian National Railway and GRANITE REAL ESTATE INVESTMENT TRUST

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