1 Warren Buffett Stock to Buy in 2023 and Hold Forever
There are countless reasons to invest in Apple's (NASDAQ: AAPL) stock, but Warren Buffett's faith in the tech company is one of the big ones. Since the investing star first bought the stock in 2016, its shares have shot up 424%. The consistent growth led Buffett's holdings company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) to make Apple 38% of its portfolio, by far the biggest portion. Comparatively, the company's second-biggest holding is Bank of America at 10.5%.
In the first three weeks of the new year, Apple shares have been gradually rising, up 8.6% year to date. However, the stock is still down 13.1% year over year. Now is an excellent time to invest in this resilient and reliable company.
Here's one Warren Buffett stock to buy in 2023 and hold forever.
Source Fool.com
