Got $3,000? Here's 3 Stocks to Buy and Hold for the Long Term
It may not seem that $3,000 is much money to invest, but it's more than you think. The magic of compounding interest could easily turn that small sum into tens of thousands over the next few decades, enough to pay for college tuition or make a down payment on a new house.
The best path forward is to stick with companies you might know by name and that have already proven they can grow in a competitive marketplace. If you've got $3,000 that you don't need to pay off bills or populate your emergency fund and you have a long-term investment plan in place, here are three growth stocks I'd be willing to buy today and you might want to consider yourself.
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Source Fool.com
