The benchmark S&P 500 stock market index is approaching an all-time high. Around 12 months ago, it was almost inconceivable we would be in this position today, given the index was wrapping up 2022 with an 18% loss.

But history is proof the S&P 500 always reaches new heights given enough time, which is why investing for the long term is so important. In fact, staying invested in the stock market for a period of 10 years gives you a 94% chance of making a profit.

With that in mind, let's consider music streaming company Spotify (NYSE: SPOT) and real estate technology company Zillow Group (NASDAQ: Z)(NASDAQ: ZG), which both represent fantastic long-term opportunities. Here's why investors sitting on idle cash -- money they don't need for immediate expenses -- should consider allocating $250 to buy one share in each company.

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Source Fool.com