Got $3,000? 3 Tech Stocks to Buy and Hold for the Long Term
Tech stocks have long been the darlings of growth investors -- and rightfully so, given their returns over the past decade or more. The tech-heavy Nasdaq Composite index is up by around 302% in the past decade. In comparison, the more diversified S 500 is up 172% over the same timeframe.
But not all tech stocks are created equal, and for every stock that produces market-beating results, there are several others that disappoint. Also, some of these stocks perform well in the short term, but drop off quickly long-term. Despite the huge returns some tech stocks can provide over short periods, you don't want to lose sight of the long term and you should focus on tech stocks with staying power.
If you have $3,000 available to invest that isn't needed to pay monthly bills, reduce short-term debt, or bolster an emergency fund, you might want to consider investing some portion of it in one or all of these three tech stocks that are great buy-and-hold candidates.
Source Fool.com
