2 Bargain Stocks You Can Buy Today and Hold Forever
The market presented long-term investors with a gift in 2022. It doesn't feel like it right now with stock prices falling precipitously month after month, but if you're planning to be in the market for decades, now is an ideal time to buy stocks. Earnings multiples are back to the long-term average. Growth and technology stocks trade at even bigger discounts, with many shares down 70% or 80% in the past year.
The best thing to do if you have cash available is to find some high-quality businesses trading at bargain prices and hold on for the long term. Here are two bargain stocks to buy today and hold forever.
While it's not quite Walt Disney with its huge stable of billion-dollar brands, Nintendo (OTC: NTDOY) is one of the few companies out there with a comparable number of popular entertainment franchises to build on. The Japanese video game maker has been a worldwide leader in entertainment for decades, building popular brands like Mario, Zelda, Animal Crossing, and Splatoon (it also owns a minority stake in Pokemon). Unlike other game makers, Nintendo also produces its own proprietary gaming hardware and has done so for decades. Its most recent iteration is the Nintendo Switch, the most popular game system since its launch in 2017, selling over 100 million devices worldwide.
Source Fool.com
