3 Stocks to Hold for the Next 20 Years
When scouting around for suitable investment choices, it's important to have a mental picture of what you're looking for. You should always endeavor to own a stock for at least five years, if not longer. This is the minimum amount of time required for a company to execute growth strategies and for the effects to show up in the financial numbers. Ideally, you should hold onto a great stock for decades if the investment thesis remains valid.
Key attributes to look out for in a long-term holding include a brand name that is both recognizable and evokes positive sentiment, a long and consistent track record of continuous growth, the payment of a rising dividend, and a capable and driven management team. Perhaps surprisingly, there are many companies that fit these criteria. The key, however, is in holding on tightly to your stocks even as they continue to soar to new heights and create the temptation to lock in the profits by selling.
These three companies have what it takes to stay in your investment portfolio for two decades or more.
Source Fool.com
