Got $1,000? Here's 1 Stock to Buy for the Long Term

Navigating the stock market to identify lucrative investment opportunities can seem like a daunting task for beginners. Turn on the financial news, and you're immediately flooded with talking heads discussing a wide variety of topics that really don't apply to long-term investors.

On the contrary, what really matters is identifying great businesses that have competitive strengths and sizable growth opportunities that you plan to hold in your portfolio for many years. If you're looking to invest $1,000 today, then look no further than Etsy (NASDAQ: ETSY), the online marketplace for unique and handcrafted goods.

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Source Fool.com