3 Great Stocks You Can Buy and Hold Forever
The best investment returns generally come from holding a great stock over a long period as it continues to post steady growth in earnings and cash flows. It's not easy to remain patient, though, as a myriad of factors may crop up that can cause you to question your original investment thesis. That's why it's important to choose businesses that have a track record of doing well in good times and bad.
In addition to having defensive qualities, a superior investment also possesses catalysts for multi-year growth. Companies that are leaders in their field and either own tough-to-replicate physical assets or a strong competitive edge stand a better chance of posting consistent growth. If you manage to find businesses with these attractive characteristics, you should hold on tightly to their stock.
The three companies discussed below satisfy the above conditions and deserve a buy-and-hold place in any investor's portfolio.
Source Fool.com
