As the market gets closer to ending the year with its fourth consecutive double-digit gain, the S&P 500 is actually down over the past month. There are worries about skyrocketing artificial intelligence (AI) spending, higher interest rates that could slow the economy, and unrelenting inflation that could start giving more consumers pause. All economies and markets go through cycles, which is why it's so important to have a long-term investing mindset. Trying to time the market can lead to poor timing and losses, while study after study has shown that it's time in, not timing, the market that drives wealth generation. Here are five stocks with excellent long-term prospects that I believe can lead to fabulous wealth creation if you hold on for the next 10 years.
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