5 Best Long-Term Investments for a Child

2. Fidelity Blue Chip Growth (MUTF:FBGRX)

Having exposure to top blue chip stocks in the US is one of the best long-term investments since these blue chip stocks are stable and have long-term growth catalysts. Fidelity Blue Chip Growth invests in top blue chip companies in the US. Some of the top holdings of the fund include NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), and Microsoft Corporation (NASDAQ:MSFT).

NVIDIA Corporation (NASDAQ:NVDA) shares have been on a tear this year, gaining about 226% year to date through October 12. As of the end of the second quarter of 2023, 175 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in NVIDIA Corporation (NASDAQ:NVDA). The biggest stakeholder of NVIDIA Corporation (NASDAQ:NVDA) was Rajiv Jain’s GQG Partners which had a stake worth about $6 billion in the company.