2 Stocks to Hold for the Next 20 Years
The most important factor to consider when picking stocks to hold for a 20-year time frame is a company's staying power against competition. Lots of growth and high returns in the near term won't mean much if a company fizzles out in the long run.
With that said, let's look at two outstanding companies that should be around and able to fend off the competition for decades.
Investors looking for a quality stock they can park some money in for a long time should consider Costco Wholesale (NASDAQ: COST). It's a no-brainer. The company has a solid record of profitable growth and paying dividends to shareholders. Over the last decade, the stock delivered a return of 489%, including dividends. Growth in sales and earnings per share of 9% and 13% per year, respectively, fueled these market-beating returns.
Source Fool.com
