3 Top Stocks You Can Buy and Hold for the Next Decade
One reason that long-term investing is so effective is that successful businesses are built for the long term themselves. Companies need time to execute their strategies and wait for them to bear fruit. And when their management is adept at deploying capital to generate high rates of return, they can enjoy many years of sustained growth. Investors who remain patient throughout the process can watch their portfolio compound at healthy rates over the course of years.
It's a good idea to select companies that can benefit from long-term trends and catalysts. Business development efforts centered on such catalysts can help to raise revenue and earnings over many years, while conferring a degree of resilience in case any crisis unexpectedly erupts.
Here are three stocks you can consider buying and owning for at least the next 10 years.
Source Fool.com
