2 Magnificent Stocks That Have Created Many Millionaires, and Will Continue to Make More
The Nasdaq Composite index has climbed about 118% over the last five years despite the COVID-19 pandemic and an economic downturn in 2022. The figure illustrates how lucrative investing in certain companies and holding even amid poor market conditions can be.
Consequently, it's not a bad idea to invest in some of the Nasdaq Composite's most prominent players with plans to hold over many years. As the world's second and sixth most valuable companies, (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two attractive options.
These companies dominate their respective industries and have created many millionaires over the years, with Apple's stock up 319% since 2019 and Amazon's up 96%. Meanwhile, Apple and Amazon have some exciting developments in the pipeline that could deliver major gains in the coming years.
Source Fool.com