Apple (NASDAQ: AAPL) is one of the safest and best long term growth stock.
Listed below are reasons to invest in Apple:
- Apple has huge amount of cash. At the end of the second quarter, it had $193 billion in cash. It can continuously pay its dividend payments into the future without problem.
- Apple’s iPhones and related technologies are huge in popularity and customer loyalty. These will continue to generate Apple’s revenue for the foreseeable future.
- Apple’s service business, with higher margins, will continue to grow of its overall business.
- Warren Buffet, famous investor, company owns huge amount of Apple stock shares.
Long term wise, continue investing by dollar-cost averaging of purchasing Apple stocks.