5 Stocks to Hold for the Next 20 Years
Buying and holding stocks for the long term has many advantages. For one, it eliminates trying to time the market with buys and sells. Secondly, it allows compounding to occur over many years, increasing returns for investors. The trick is to know which companies to buy and hold in the first place.
As we head into 2024, here are five stocks worth buying and holding for the long term. Each of these companies has advantages that make them great choices to hold for decades. Let's dig in and see why.
Exposure to the real estate market makes sense in any well-diversified portfolio. Fortunately, this can be done without owning any actual real estate. Realty Income (NYSE: O) is a real estate investment trust (REIT), which means it has to pay out at least 90% of its taxable income as a dividend to its shareholders. The REIT takes this very seriously and even refers to itself as "The Monthly dividend Company." Currently, its dividend is yielding 4.9%.
Source Fool.com
