2 Millionaire-Maker Technology Stocks
Buying and holding solid technology stocks for a long time is a tried and tested way of making money in the stock market. This strategy allows investors to both capitalize on the disruptive innovation in this sector and benefit from the power of compounding.
For instance, a $1,000 investment made in the Nasdaq-100 Technology Sector index a decade ago is now worth more than $5,000. Of course, the index has had its ups and downs during these 10 years, but investors who were savvy enough to put their money into potential long-term winners have seen their investments grow significantly.
A $5,000 investment in Nvidia a decade ago is now worth almost $1.35 million, suggesting that tech stocks have the ability to make investors millionaires in the long run. Of course, not every tech stock is Nvidia, and investors shouldn't be under the impression that putting their money into a single company could help them become millionaires.
Source Fool.com
