Got $1,000? Here Are 2 Stocks to Buy for the Long Term

It's been a challenging year for new and veteran investors alike. While the 30 blue chips that make up the Dow Jones Industrial Average (DJINDICES: ^DJI) have declined 13% year-to-date, the tech-heavy Nasdaq Composite has fallen nearly 28% at the time of this writing. 

Some growth stocks have fallen much more in value this year, but that means their futures are being heavily discounted. This is the kind of environment where patient investors lay the foundation for wealth-building returns. After all, buying great companies when their stock prices are trading below their intrinsic values is how the best investors became famous.

If you have $1,000 to invest, the following stocks would make sound investments for the long term.

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Source Fool.com