Got $5,000? 2 Tech Stocks to Buy and Hold for the Long Term
This month, a sell-off has wiped billions from the stock market, with the Nasdaq Composite down nearly 10% in the last 30 days. Fears of a recession have deeply concerned investors after news broke that the U.S. added 114,000 jobs in July against expectations of 175,000.
However, tech's long growth history and reputation for offering stockholders consistent and significant gains over many years make it a compelling place to invest. Despite a sell-off, the tech-driven Nasdaq Composite has risen 280% since 2014. So, recent declines actually present an exciting investment opportunity and the chance to pick up some stocks for a better value.
Markets such as artificial intelligence (AI), cloud computing, e-commerce, semiconductors, and more still have plenty of room to grow over the long term and could fuel the industry for decades.
Source Fool.com
