Nasdaq recommends investing in growth stocks like Nvidia, PayPal, and Shopify for long-term potential.

From Nasdaq: 2024-12-10 08:26:15

The stock market has historically averaged close to 10% annual returns, making index funds a smart choice for most investors. Warren Buffett even recommends index funds as a way to build wealth efficiently. Consider investing in funds that track the S&P 500 for long-term growth potential.

Looking for higher returns? Consider investing in individual growth stocks like Nvidia (NASDAQ: NVDA). With annual gains averaging 75% over the past decade, Nvidia remains a promising pick in the semiconductor industry. The company’s focus on data centers and AI technology positions it well for future growth.

PayPal (NASDAQ: PYPL) is another growth stock to watch, offering a diverse range of digital financial services beyond its popular payment platform. While recent growth has slowed, PayPal’s strategic initiatives and expanding features could drive future performance and profitability.

Shopify (NYSE: SHOP) has been a strong performer in the e-commerce industry, with solid revenue growth and strategic partnerships driving its success. Consider adding Shopify to your portfolio for exposure to a company that helps entrepreneurs start and grow their online businesses.

For a diversified approach to investing in the technology sector, consider the Vanguard Information Technology ETF (NYSEMKT: VGT). This ETF offers access to over 300 high-tech stocks, including top holdings like Microsoft and Apple. With a history of strong returns, VGT could be a valuable addition to your long-term investment strategy.



Read more at Nasdaq: 4 Brilliant Growth Stocks to Buy Now and Hold for the Long Term — Including Nvidia