2023-04-20 08:30:00 ET
There are many ways to increase one's wealth, but one of the most reliable and accessible remains the stock market. However, getting wealthy by investing in equities takes time. That's one of the reasons it's worth holding on to shares of great companies for a while, provided that said corporations have the tools to deliver solid returns regularly.
What's more, investors can get started even with a relatively modest sum. For those with $5,000 to spare that isn't being saved for emergencies, let's consider two stocks to buy that could help grow this capital for a long time: Novo Nordisk (NYSE: NVO) and Medtronic (NYSE: MDT) .
Novo Nordisk is a drugmaker known for its work in the diabetes care market . For instance, it is one of the leading insulin providers in the world. The company recently made headlines in this field about a month ago after it decided to cut the prices of several insulin products by as much as 75%. These changes will go into effect in January 2024.
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Got $5,000? 2 Unstoppable Stocks to Buy and Hold Forever