2 Great Stocks You Can Buy and Hold Forever
Finding a stock you can hold forever isn't easy. The business needs to be strong enough to handle any changes that may affect its operations or even its industry. This year has been a powerful reminder of just how vulnerable businesses can be, especially those dependent on in-person traffic, like airlines, restaurants, and retailers. Even notable companies are struggling amid the COVID-19 pandemic.
But the companies listed below -- Becton, Dickinson (NYSE: BDX) and Visa (NYSE: V) -- are in safe industries, and their businesses are strong enough that they're likely to survive economic volatility, including pandemics and recessions. Here's why both stocks are safe buy-and-forget investments that you can hold in your portfolio for as long as you live.
Becton, Dickinson is a global supplier of medical instruments and supplies. And that global reach is one way the company offers investors long-term stability: It isn't dependent on one individual market. In the 2019 fiscal year, the company recorded revenue of $17.3 billion, up 8% from last year. Of that, $9.7 billion, or 56%, came from the U.S. market. The remainder came from international markets, with Europe making up the largest slice at $3.4 billion.
Source Fool.com
