2 Stocks to Invest $500 In and Hold For 10 Years
The stock market can move in any direction over a year, and it is difficult to predict which way it will go. But over more extended periods, say, a decade, equities tend to be northbound. That doesn't mean just any old company will do the trick for investors looking to earn solid gains over the next 10 years.
Picking the right stocks is an essential step. Let's look at two companies that could deliver solid returns through 2033 and beyond: Exact Sciences (NASDAQ: EXAS) and Pinterest (NYSE: PINS). If you have $500 you aren't saving for emergencies or routine expenses, here is why putting that money to work by investing in these stocks could be an excellent move.
Exact Sciences' mission is to fight cancer. The company's approach has been to develop non-invasive diagnostic tests that can detect some forms of the disease relatively early. Most notably, Exact Sciences markets Cologuard, a colorectal (colon and rectal) cancer test. Cologuard has been one of the keys to Exact Sciences' success, and with good reason.
Source Fool.com
