Buying and holding shares of solid companies for a long time is a great way to make money in the stock market. This strategy not only allows investors to benefit from the power of compounding, but also enables them to capitalize on secular growth trends.

For instance, a $1,000 investment in the Nasdaq-100 Technology Sector Index a decade ago would now be worth more than $5,200, as evident from the chart below.

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Source Fool.com