Finding the right stocks for your portfolio and having the willingness to hold on to great businesses through the ups and downs of the market isn't easy. But if the alternative is trying to time the market's whims, which few investors have a chance of doing correctly and consistently, the pros of being a long-term investor far outweigh the cons.

If you invest in companies for the long haul with a minimum buy-and-hold horizon of five years or more, you will experience rough patches in the market. Historically speaking, bear markets tend to appear every three to four years. These periods can last anywhere from months to a year or more. The stock market has not once seen a single bear market from which it has not recovered, and eventually outpaced its prior performance.

With that in mind, if you have $1,000 to invest in stocks right now (money that you don't require for bills or other financial obligations) and the appropriate buy-and-hold horizon, here are two fantastic, discounted stocks you may want to add to your buy list in 2024.

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Source Fool.com