5 Brand-Name Stocks That Can Make You Rich
This has been a truly unforgettable year for investors, with the broad-based S&P 500 losing as much as 34% in less than five weeks, then regaining more than 70% of what was lost in the subsequent 10 weeks. In terms of volatility, we've simply never seen anything like this before.
But if you're a long-term-minded investor, volatility can be your friend. That's because instances of panic-selling have always offered an opportunity for long-term investors to pick up great companies at attractive prices.
The thing you have to understand is that brand-name companies, despite having large market caps, can still make investors rich if given the proper amount of time. If you have cash to spare and a long investment time horizon, consider putting your money to work in these well-known companies.
Source Fool.com
