2 Insurance Brokerage Stocks You Can Buy and Hold for the Next Decade
When building wealth through the stock market, one of the most straightforward strategies is buying excellent companies and holding them for the long haul. When looking for top-notch stocks, you want to find stellar businesses with positive catalysts that can drive growth in the future.
One industry often overlooked by investors is insurance brokers. Insurance brokers are in a good position to profit by helping customers find insurance policies that fit their risk tolerance. Two insurance brokers with excellent future growth prospects are Marsh & McLennan (NYSE: MMC) and Goosehead Insurance (NASDAQ: GSHD).
Marsh & McLennan advises companies on risk, strategy, and workplace issues. The company helps companies manage risk and connects them with insurers that help mitigate those risks. Risk and insurance services make up 60% of Marsh & McLennan's total revenue, with consulting services making up the rest.
Source Fool.com
