AMZN - 2 Stocks That Could Create Lasting Generational Wealth
2024-05-12 16:15:00 ET
To build lasting wealth with stocks, you want to look for companies with plenty of room to expand for many years. No matter how the stock performs in the near term, a company that grows its revenue significantly over decades will bring the stock along with it.
On that note, Amazon (NASDAQ: AMZN) and Roblox (NYSE: RBLX) have a lot going for them right now. Amazon still offers significant growth potential because of its leading position in the burgeoning cloud computing market. Meanwhile, Roblox is a popular interactive platform where younger audiences play games and interact with others. Here's more on why these stocks are promising investments over the long term.
A massive selection of goods, fast shipping, and convenience have been hallmarks of the Amazon brand for over 20 years. The stock has been a truly wealth-building investment, but investors should never underestimate the ability of a great business to keep growing. The main reasons to invest in Amazon boil down to its opportunities in e-commerce and cloud services.
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2 Stocks That Could Create Lasting Generational Wealth