Got $1,000? Here Are 2 Stocks to Buy for the Long Term
New investors may not think $1,000 is a lot to start investing with, but that amount can take one further than some might think. For example, $1,000 invested in the 1992 initial public offering (IPO) of Starbucks would hold a value of about $410,000 today and yield investors almost $7,300 in annual dividend income.
Admittedly, most consumer discretionary stocks will not match that level of return. Nonetheless, companies like Etsy (NASDAQ: ETSY) and GrowGeneration (NASDAQ: GRWG) are retail stocks forging new markets that could deliver outsized returns over time. Let's take a closer look at why $1,000 invested in either of these two stocks has such potential.
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Source Fool.com