It's time in the market -- not timing the market -- that leads to life-changing wealth. Stocks may rise or fall on any given day for any number of reasons, but it's impossible to predict those short-term fluctuations. However, the S&P 500 has generated an annualized return of 8% over the last 50 years, meaning stocks have the ability to create significant wealth over long periods of time.
For that reason, a buy-and-hold strategy is the best course of action. And Zscaler (NASDAQ: ZS) and Elastic (NYSE: ESTC) look like smart stocks to buy right now. Both of these tech companies benefit from sizable market opportunities, and I think shareholders could see fivefold returns over the next decade.
Here's why.
For further details see:
2 Growth Stocks That Could Turn $200,000 Into $1 Million in 10 Years