where there's short-term pain, there's also an opportunity for long-term gains

When you invest in innovative stocks at a discount

and allow your investment thesis to play out over time, there's a good chance you'll build wealth.

The first innovative company that has the potential to quintuple investors' money over the next eight years is China-based electric vehicle (EV) manufacturer Nio (NYSE: NIO).

Auto stocks like Nio are contending with a challenging environment.

A second surefire stock that can deliver jaw-dropping sales and profit

growth throughout the remainder of the decade is cloud-based lending platform Upstart Holdings

The third surefire stock that can turn a $200,000 investment into a cool $1 million by 2030 is social media company Pinterest

The pandemic has sent Pinterest on a roller-coaster ride.

It initially soared on big user gains, with people stuck in their homes during the initial stages of the pandemic.

But since the end of March 2021, declines in monthly active user (MAU) figures have left Wall Street skeptical of Pinterest's future.