Got $5,000? 1 Tech Stock to Buy and Hold for the Long Term
The Nasdaq Composite Index has had a wonderful start to the year, rising 35%. This bounce-back is exactly what investors need after last year's 33% decline. Optimism is clearly permeating the market.
Amid the market's rise, tech stocks are doing well. For instance, (NASDAQ: AAPL) is up 49% this year. And its market cap is hovering around the $3 trillion mark.
It might seem crazy to recommend such a massive business that's so widely followed as a solid investment right now. But I think it's a smart move if investors buy $5,000 worth of Apple stock and hold for the long term. Here's why.
Source Fool.com
Apple Inc. Stock
€203.45
0.020%
Our community is currently high on Apple Inc. with 115 Buy predictions and 7 Sell predictions.
As a result the target price of 222 € shows a slightly positive potential of 9.12% compared to the current price of 203.45 € for Apple Inc..
