3 Stocks to Buy and Hold for Decades
Investing needn't be a daunting task, but building a robust portfolio does require patience and discipline. Buying great companies is the first step toward creating a resilient, all-weather portfolio that can help compound your wealth over the years. Such companies can enjoy many years of steady growth, and their share prices will rise in tandem. They are also more likely to be resilient in the face of adversity and can weather crises such as the COVID-19 pandemic.
The key to enjoying a secure retirement lies in buying stocks that have a recognizable brand name, sturdy financials and a large addressable market. It also helps if these companies are part of a megatrend that can last for years or even decades. Megatrends are trends that play out over years and set the tone for a revolution in the way we live, work, or interact.
Here are three quality stocks you can consider buying and holding over decades.