2 Stocks You Can Buy and Hold Forever
Buying and holding stocks for the long run allows the power of compounding to work in your favor. That's what makes an investment that grows at 8% per year return 10 times if left untouched for 30 years. Still, to benefit from the fruits of long-term investing, you will need to identify stocks with good prospects over the very long run.
Walt Disney (NYSE: DIS) and Home Depot (NYSE: HD) fit that description. The House of Mouse has been delighting families for nearly a century, and there's no reason to suspect that it will change in the future. Home Depot, on the other hand, is the leading home-improvement retailer in the U.S., and our homes are going to require maintenance and repairs for as long as we live in them.
The near term may be choppy as each of these companies go through challenges brought on by the coronavirus pandemic. But this is where the discipline of a long-term mindset allows you to hold your investments through adversity.
Source Fool.com
