If You Have $1,000 and 5 Years to Wait, Buy These 2 Stocks Now
Investing in biotech stocks is essentially a high risk/high reward game. It becomes riskier during times of market exuberance, when it's more difficult to identify the long-term winners and losers. This is one such time -- on Dec. 7, for the first time ever, the S&P 500 closed above the 3,700 mark. While most high-growth stocks are now quite expensive, there are still some great biotech stocks available at reasonable prices.
If you have $1,000 and the patience to wait for five years, then CRISPR Therapeutics (NASDAQ: CRSP) and Vertex Pharmaceuticals (NASDAQ: VRTX) could be the right stocks for you. All you need to do is buy and wait for the power of compounding to magnify your small investments in these stocks in the next five years.
Image source: Getty Images.
Source Fool.com
