Got $5,000? 2 Tech Stocks to Buy and Hold for the Long Term.
If you're like the average American, $5,000 is about what you bring home in a typical month, according to the U.S. Bureau of Labor Statistics. That may not sound like enough to be transformative, but through the magic of compounding it could pay off over the long term if you invest it well.
For example, earning the S&P 500's average gain of 9%, $5,000 invested for 10 years would more than double to $11,836. Over 20 years, it would become $28,022, and over 30 years, it would turn into more than $66,000. If you committed to investing that much money every year for a decade, you could set yourself up nicely for retirement.
On that note, here are two tech stocks that have the ability to generate even better returns over the long term.
Source Fool.com