2 Energy Stocks to Buy With $116 and Hold Forever
Energy is a foundation for not just the economy but modern life. That makes it a great place to look for long-term investment ideas -- stocks you can reasonably buy and expect to hold indefinitely. However, some energy companies, like those that drill for oil and gas, can be volatile because they are affected by outside factors, like the price of oil.
Instead, investors should consider energy companies like Enbridge (NYSE: ENB) and NextEra Energy (NYSE: NEE). These companies have diverse business models, including exposure to renewable energy, which could help fuel long-term growth. Both stocks offer a combination of dividends and share price potential while trading at attractive prices today.
The best part? They won't break the bank; you can buy a share of both for just over $100 right now. Here is what you need to know.
Source Fool.com
