Got $3,000? Here Are 3 Stocks to Buy and Hold for the Long Term
If there's one thing investors were reminded of this year, it's that stocks can be very, very volatile in the short run. After rallying nearly 27% in 2021, as of mid-October the S&P 500 was down by almost as much. Since then it's recovered somewhat and is down about 18.6%. The volatility has all been a bit maddening for anyone keeping daily tabs on the market.
For truly long-term investors, very little of this volatility really matters. Ten -- or even five -- years from now the details of a wild 2022 will likely be more than a little fuzzy and not matter greatly. If you've got an extra $3,000 available that you know you won't be needing anytime soon to boost an emergency fund, pay off short-term debt, or cover the monthly bills, here are three stocks to consider scooping up as true long-term holdings.
The retail industry as a whole remains on the defensive. Analysts at UBS estimate as many as 50,000 U.S. storefronts could be permanently shuttered between the end of last year and the end of 2026. That's in addition to the tens of thousands of closings prior to the pandemic.
Source Fool.com
