2024-05-25 07:47:00 ET
The Nasdaq Composite index has climbed about 118% over the last five years despite the COVID-19 pandemic and an economic downturn in 2022. The figure illustrates how lucrative investing in certain companies and holding even amid poor market conditions can be.
Consequently, it's not a bad idea to invest in some of the Nasdaq Composite's most prominent players with plans to hold over many years. As the world's second and sixth most valuable companies, Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two attractive options.
These companies dominate their respective industries and have created many millionaires over the years, with Apple's stock up 319% since 2019 and Amazon's up 96%. Meanwhile, Apple and Amazon have some exciting developments in the pipeline that could deliver major gains in the coming years.
For further details see:
2 Magnificent Stocks That Have Created Many Millionaires, and Will Continue to Make More