2 Excellent Stocks to Buy in 2023 and Never Sell
There are many advantages to holding stocks for a long time -- think five years or more. First, doing so allows the power of compounding to work its magic. Second, in some countries like the U.S., there are tax advantages associated with it. Of course, none of that means much unless investors buy shares in outstanding companies that can deliver excellent returns over long periods.
And with the right corporations, it might even be worth remaining a shareholder for life. That said, let's consider two companies that are great "forever" candidates: Pfizer (NYSE: PFE) and Apple (NASDAQ: AAPL).
In 2022, Pfizer recorded $100.3 billion in total revenue, representing a 23% year-over-year increase and an all-time annual high for the drugmaker. Pfizer can thank its coronavirus products, Comirnaty and Paxlovid, for this performance. However, we are no longer in a state of emergency, and Pfizer's coronavirus sales will drop starting this year, leading to a massive decline in total revenue.
Source Fool.com
