The Smartest Growth Stock to Buy With $200 Right Now

Buying and holding solid growth stocks for a long time is a tried and tested way of making money in the stock market. This philosophy not only allows investors to capitalize on disruptive and secular growth trends but also helps them benefit from the power of compounding.Nvidia (NASDAQ: NVDA) is a classic example of what a smart growth stock can do for your portfolio. Anyone who bought just $200 worth of this semiconductor stock five years ago is now sitting on massive gains, as that investment is now worth $2,700. Nvidia is still a solid investment despite such outstanding growth in recent years.Shares of Nvidia are now trading under $200 each (at around $185 as of this writing), thanks to the stock splits executed by the company in recent years. So if you have just $200 in investible cash, buying Nvidia with that money could turn out to be a smart move. Let's look at the reasons why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool