It took 15 years for the Nasdaq to reclaim 5,000. While we may dance around these levels for some time, the longer-term future for Nasdaq looks bright.
Why not dream of Nasdaq 10,000?
The return trip to Nasdaq 5,000 brought riches to a handful of stocks.
At the top of the list: Monster Beverage (NASDAQ: MNST), with a 53,000% gain since March 2000.
How about Keurig Green Mountain (NASDAQ: GMCR)?
The little coffee maker that could brewed up a gain of 29,000%.
Can you imagine owning one of those stocks? You’d be rolling in dough, assuming you bought at the bottom and held over the 15 years.
Who buys and holds a stock for that amount of time?
If the returns can be this big, perhaps we should reexamine the value of that long-dismissed approach to investing.
Monster and Keurig weren’t the only big winners over the last 15 years.
Apple (NASDAQ: AAPL) was also a big winner, clocking in a gain of 7,000%. Not bad for one of the most recognized and followed stocks in the market.
For the next 5,000 on the Nasdaq, are there candidates for multi-thousand percent gains?
While the pool today might not be as deep, there are plenty of candidates.
If you’re willing to buy and hold for not only a few years, but the next decade or two, you might have a shot at capturing multi-thousand percent returns in your portfolio.
Here are three stocks to own for the ride to Nasdaq 10,000: