Got $5,000? Buy These 2 Stocks and Hold Until Retirement
After dropping 19% in 2022, the S&P 500 has started the new year off on a strong footing, rising over 9%. This positive performance might have sparked renewed interest among investors, who have been waiting on the sidelines for things to turn back around. If this sounds like you, then it's probably a good idea to figure out what to invest in right now for the long term.
If you have $5,000 that you're ready to put to work in the stock market for your retirement, then look no further than these two dominant enterprises in which to equally split that investment.
With trailing 12-month net sales of $227 billion and a physical footprint of 845 warehouses scattered across the globe, Costco Wholesale (NASDAQ: COST) is the third-largest retailer in the world. This should come as no surprise, as the business has a fanatical customer base that frequents the stores because Costco has the lowest prices around. In fact, the membership renewal rate was a superb 92.5% in the U.S. and Canada and 90.4% worldwide in the latest quarter (ended in Nov. 20). Now that's true loyalty.
Source Fool.com
