3 Stocks You Can Keep Forever
It's amazing what stocks can do for your wealth if you find and hold the right ones over the long run. The effects of compounding should not be underestimated -- a combination of steady growth and rising dividends over the years can contribute to an impressive return. If you're investing to build up your retirement fund, then you should consider adding some solid names to your portfolio that you can hold onto for years or even decades.
It pays to be selective when searching for companies that qualify to be on this list. The criteria that I look for include a strong brand and franchise, a track record of dividend increases, a culture of continuous improvement, and catalysts that enable the business to demonstrate steady, long-term growth. Once these attributes are present, all you need is patience to wait for business growth to compound your wealth.
I've shortlisted three stocks with those characteristics that I believe you can own forever.
Source Fool.com
