2 Resilient Growth Stocks to Buy and Hold Forever
The kind of market volatility we have experienced in the past year can sometimes rattle investors, drawing their focus away from the long-term mindset that is important to earning excellent returns over time. Panic selling can undoubtedly be satisfying in the moment, but there is a reason legendary investors such as Warren Buffett consider "forever" their favorite investment period.
Few things beat the combined power of time and the compounding effect when looking to accumulate wealth. That's why it's essential to focus on buying stocks worth holding on to for good, even amid challenging market conditions. Biotech company Moderna (NASDAQ: MRNA) and fintech specialist PayPal (NASDAQ: PYPL) are two such stocks. Let's consider why.
Are Moderna's growth days over? On the one hand, the biotech will no longer benefit from a significant coronavirus-related tailwind, as the height of the pandemic now looks to be behind us. Moderna's COVID-19 vaccine won't record the kinds of sales figures it did in 2021 and 2022. Despite this issue, Moderna has outperformed the market over the past year.
Source Fool.com
