Where to Invest $5,000 for the Next 5 Years
The start of the year is the time for good resolutions -- and an investment plan. But I'm not talking about an investment plan for just this year. I'm talking about the long term. This means at least the next five years. That period of time allows you to more fully benefit from companies' growth. It also offers you the opportunity to generate passive income through dividend stocks.
If you have $5,000 to invest, you're off to a great start. But even if you have much less, you can set off on this path to making yourself richer. Many of the companies or sectors I'll talk about offer investment opportunities for less than $100. And there is also the possibility of buying fractional shares of the higher-priced names. So, let's get started. Here's where to invest your money for the next five years.
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Source Fool.com
