2 Growth Stocks to Hold for the Next 10 Years
Conditions lately have been perfect for growth stocks. Not only have interest rates been extremely low, but the Federal Reserve has been pumping money into the economy at a breakneck pace. Add in the government's intensive stimulus spending and the lingering impacts of the pandemic on supply chains worldwide, and it's no surprise that inflation is picking up.
This also helps explain why growth stocks have performed so well. The Invesco QQQ Trust, an exchange-traded fund that tracks the fast-growing Nasdaq 100, has more than tripled in value over the past five years, comparing favorably to the 110% gain recorded by the S&P 500 in that time. And year to date, the tech-heavy Nasdaq is up 20% versus an 18% gain by the broader-market S&P 500.
While excessive governmental spending …
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