2 Financial Sector Stocks You Can Buy and Hold for the Next Decade
The financial sector may not look great right now, down about 22% year to date as of Monday's close, but when you look long-term, you'll still find some great performers. Mastercard, for example, had an annualized return of over 30% over the decade that ended last year, while MarketAxess Holdings had an average annual return of about 42%.
So, as we stand at the start of a new decade, which financial stocks are the best to buy now and hold for the next decade -- and beyond? Here are a couple of strong candidates.
If you want a financial sector stock to buy and hold for the next 10 years, start with Visa (NYSE: V). The company has been as consistent as any over the past decade and is positioned for continued growth for years to come. It has produced positive returns every year since 2010 and is up 4.5% in 2020. Over the last 10 years through Dec. 31, 2019, Visa has posted an annualized return of nearly 24%. That's a fantastic record, but let's look ahead to why the reasons to own Visa now are even more important.
Source Fool.com
