2024-07-26 04:00:00 ET
Buying and holding solid companies benefiting from secular trends is a tried and true strategy in the stock market.
For instance, an investment of $1,000 made a decade ago in an index fund tracking the Nasdaq 100 index is now worth more than $4,800. For comparison, a similar investment in an S&P 500 index is worth $2,800. Technology stocks have grown faster than the overall market because of their ability to capitalize on disruptive trends.
That's why investors with $1,000 would do well to put their money into tech stocks such as The Trade Desk (NASDAQ: TTD) and Arm Holdings (NASDAQ: ARM) .
For further details see:
Got $1,000? 2 Top Growth Stocks to Buy That Could Double Your Money.