3 Healthcare Stocks to Buy and Hold for the Next 10 Years
It's always a great idea to buy stocks and hold them for the long term. That means at least five years. This offers you the opportunity to benefit from any dividend payments and/or growth in earnings. And all of that could translate into share price performance. But you'll want to hold some stocks for an even longer period -- for example, 10 years. That's because they have so much to offer that you'll have trouble letting them go any sooner.
In fact, you may want to hold onto certain stocks forever. You'll find plenty of candidates in the healthcare industry. These players bring you growth through promising new products and a certain amount of safety when it comes to earnings. After all, people need their medications no matter what the economy is doing. Let's take a look at three top long-term stocks to add to your portfolio now.
Investors will love Johnson Johnson (NYSE: JNJ) for the annual income that it pretty much guarantees to pay shareholders. The company is a Dividend King, meaning it's increased its dividend for at least the past 50 years. Johnson Johnson's streak is at 60 years. Nothing is guaranteed, but there's a strong track record of payments and increases here.
Source Fool.com
