Where Will Procter & Gamble Stock Be in 3 Years?
A good rule of thumb for investors is to avoid putting money into the stock market that you might need within the next three years. Bear markets are frequent and occur without warning, after all, even as long-term returns tend to be predictably high. As a result, your confidence of positive returns should generally rise as your investing horizon stretches on into several years or longer.
With that big picture in mind, let's look at the prospects for Procter & Gamble (NYSE: PG) shareholders over the intermediate term. There are some good reasons to expect market-beating returns for this stock, even if it looks a bit expensive today.
Procter & Gamble's last quarterly update illustrated why so many investors see it as an excellent stock to hold during turbulent economic times. Organic sales rose at a robust 7% through late March. These gains came despite quickly rising prices and weaker consumer spending across many niches.
Source Fool.com
