Sure, buying and selling stocks can be fun, but isn't creating lasting wealth, generational wealth that can be passed to your descendants, the goal? And that can be an elusive goal as the market goes up and down over time, as do share prices. Sometimes, things go sideways and we have a market crash, from which some stocks never recover.

So, how can investors give their portfolios the best chance at standing the test of time? Diversification is the answer. Simply put, don't put too many eggs in one basket. Investors can build a portfolio with exchange-traded funds (ETFs) that owns shares of many businesses and with individual stocks of diverse businesses that have proven they can perform over the long haul.

Consider tucking these three into your portfolio. Decades from now, you might be glad you did.

Continue reading

Source Fool.com