2 Top Tech Stocks to Buy for the Long Haul
Buying stocks for the long haul gives investors maximum time for the power of compounding to work in their favor. For instance, a 10% compounded annual rate of return will turn $1,000 into $1,331 in three years. That same rate of return for 20 years will turn $1,000 into $6,727.
Of course, it helps to pick stocks that have proven they can survive the ups and downs of the business cycle. Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are two top tech stocks that fit the bill.
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Source Fool.com
