There are many things you can buy with $1,000, but most won't multiply your wealth over time. Investing in equity markets remains one of the best options. Buying shares of great companies and holding onto them for a while can help turn even a relatively modest initial investment into a much larger sum.

It sounds simple enough, but it's not always easy to know which stocks to pick. (NYSE: MDT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are two excellent options investors should consider. For those with $1,000 that's not saved for bills and emergencies, read on to find out why buying shares of these companies with that money would be a great way to spend it. 

Medtronic isn't a stock that will appeal to growth-oriented investors. However, those looking for stability, predictability, and regular dividends need look no further. Thousands of physicians routinely rely on Medtronic's medical devices and equipment, and the company markets a lot of them in four major therapeutic areas: cardiovascular, neuroscience, medical surgical, and diabetes.

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Source Fool.com