$5,000 Invested in These 3 Top Stocks Could Help Make You a Fortune in 10 Years
Year-to-date, the major indexes are down anywhere from 12% to 26%, with the growth-heavy Nasdaq Composite getting hit the hardest. That said, some investors would love to have portfolios down only this much in 2022 -- many top growth stocks have seen their share prices drop 50% or more. But if you focus on buying shares of growing companies, you can rest assured the market will eventually send those stocks higher.
After scouring my personal watch list, I circled three leaders in their respective industries that could be big winners over the next decade. If you have $5,000 to split across three stocks, here's why you might want to buy shares of Alibaba (NYSE: BABA), Unity Software (NYSE: U), and SentinelOne (NYSE: S).
Alibaba is one of the world's leading e-commerce and cloud services providers. Its Taobao and Tmall marketplaces reach the largest consumer base in China with 1 billion annual active customers. Alibaba Cloud ranks second behind Amazon worldwide, and No. 1 in China. Its leading position in these growth markets has led to robust growth for shareholders over the last decade, but the weak economy in China and regulatory risks have weighed on the stock's performance over the last year.
Source Fool.com
