Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term
Investors often face the question of where to deploy cash in the stock market, and they may feel they have more options. Due to recent stock splits, many investors will probably find it easier to buy some stocks that they once perceived as too pricey.
Moreover, between the Nasdaq Composite bear market and the massive decline in many tech stocks, investors can buy more with that $5,000. Thankfully, the opportunity appears to abound in Amazon (NASDAQ: AMZN), PayPal Holdings (NASDAQ: PYPL), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). Let's take a closer look at these three tech stocks you might want to consider buying and holding for the long term.
Investors should consider Amazon, but not because one-third of a $5,000 investment would buy 12 shares at current prices. While e-commerce drives most of its revenue, the low margins for this segment of Amazon's business will likely not excite investors. Additionally, its rumored bid to purchase Signify Health will probably attract more interest than revenue.
Source Fool.com
