This year has gotten off to an interesting start for U.S. stocks. Shares of some small and struggling companies are being driven into the stratosphere, leaving some investors with serious FOMO (fear of missing out). But the best-seasoned investors will tell you to focus on well-managed companies benefiting from long-term growth trends.
If you have $5,000 that you don’t need for your emergency fund or to pay for current expenses, and you plan on staying invested for the long term (at least five years, but the longer the better), then NVIDIA (NASDAQ: NVDA), Splunk (NASDAQ: SPLK), and NextEra Energy (NYSE: NEE) might be up your alley.
Here’s more on why these three stocks are strong long-term buy-and-hold options for your investment portfolio.