It's said that compounding is the eighth wonder of the world. Compounding means growing your capital through long-term investing, aided by timely additions of money, to grow your overall pool of funds. For compounding to be effective, though, it's necessary to adopt a sufficiently long investment horizon.
Of course, successful investing involves not just buying and holding companies over the years, but also choosing the right ones in the first place. Ideally, such companies should have long growth runways with strong competitive edges. These businesses should pay out a dividend as well, as this can be reinvested to accelerate returns.
Here are two stocks that I intend to hold forever, as each has unique strengths and potential for long-term growth.
Source Fool.com