Everybody wants to know where to invest to produce immediate, outsized returns. If you came to this article hoping to do that with $1,000, then allow me to tap the brakes right now. Your odds of success with any stock investment only go up with enough time -- quick gains are unlikely. The investing ideas I'll present have a five-year horizon, and I wouldn't be surprised if they produced lackluster returns for months or even a couple of years.
Here are the five picks I have for you: advertising-technology company Magnite (NASDAQ: MGNI) , restaurant chain Domino's Pizza (NYSE: DPZ) , website design company Wix.com (NASDAQ: WIX) , plant-based meat company Beyond Meat (NASDAQ: BYND) , and Latin America's payments and e-commerce giant MercadoLibre (NASDAQ: MELI) .
But again, I'm not saying that right now is a perfectly timed moment to buy shares of these companies. Timing the market consistently and perfectly isn't possible. Therefore, think of a $1,000 investment in any of these companies as part of a bigger-picture portfolio strategy.
For further details see:
Got $1,000? Here Are 5 Stocks to Buy and Hold Long Term