Got $1,000? Here Are 5 Stocks to Buy and Hold Long Term
Everybody wants to know where to invest to produce immediate, outsized returns. If you came to this article hoping to do that with $1,000, then allow me to tap the brakes right now. Your odds of success with any stock investment only go up with enough time -- quick gains are unlikely. The investing ideas I'll present have a five-year horizon, and I wouldn't be surprised if they produced lackluster returns for months or even a couple of years.
Here are the five picks I have for you: advertising-technology company Magnite (NASDAQ: MGNI), restaurant chain Domino's Pizza (NYSE: DPZ), website design company Wix.com (NASDAQ: WIX), plant-based meat company Beyond Meat (NASDAQ: BYND), and Latin America's payments and e-commerce giant MercadoLibre (NASDAQ: MELI).
But again, I'm not saying that right now is a perfectly timed moment to buy shares of these companies. Timing the market consistently and perfectly isn't possible. Therefore, think of a $1,000 investment in any of these companies as part of a bigger-picture portfolio strategy.
Source Fool.com
