A buy-and-hold strategy can generate life-changing returns for investors, and the stocks listed below are prime examples of that.
While there can be risks with investing in companies in their early stages, there can also be considerable gains to be made, which is why it can be enticing to do so, particularly if you have many investing years left and can take on some uncertainty
Nvidia (NASDAQ: NVDA), Netflix (NASDAQ: NFLX), and Booking Holdings (NASDAQ: BKNG) have been tremendous investments over the past 20 years. If you invested $5,000 into each one of these stocks in May 2006, your portfolio would be worth roughly $4 million right now. Here’s a look at how much these investments have grown over the past 20 years, and why they can still be good growth stocks to buy and hold.
Nvidia: up 44,000% A $5,000 investment 20 years ago in leading chipmaker Nvidia would today be worth roughly $2.2 million. While Nvidia has been a big name in tech for years, things really took off within the past few years, with the emergence of ChatGPT and the soaring demand that artificial intelligence (AI) investments created for its cutting-edge chips. It’s been an incredible transformation for Nvidia, which went from generating $27 billion in revenue for its 2023 fiscal year (which ends in January) to just under $216 billion three years later.