The Smartest Growth Stock to Buy With $1,000 Right Now

Buying a company with solid growth prospects and holding it for a long time is a tried and tested strategy for making money in the stock market. This philosophy allows investors to not only capitalize on disruptive and secular growth trends but also to benefit from the power of compounding, leading to market-beating returns in the long run.Let's say that you have $1,000 in investible cash right now after paying off your bills, clearing high-interest loans, and saving an emergency fund for difficult times. It would be a good idea to put that money into shares of Advanced Micro Devices (NASDAQ: AMD). Let's look at the reasons why.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool