Got $1,000? Here's a Stock You Can Hold Forever

It doesn't cost a lot of money to invest in the stock market. 

You can invest with even less money after taking care of more important things like paying off high-interest debt and saving for emergencies. 

You'll be well on your way to accumulating riches for retirement if you do that.

When you have $1,000 available for investment, you should focus on one stock in particular. 

I'm referring to the titan of athletic wear, Nike (NKE 1.19%). Nike shares have dropped a staggering 47% this year, while the S&P 500 as a whole has down 24%. 

Nike is coping with a significant inventory surplus in addition to a delayed recovery in China, historically its fastest-growing market.


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