2 Stocks You Can Buy and Hold Forever

"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever." -- Warren Buffett

The easiest way to build wealth for your family is to invest in companies that will be growing throughout your lifetime. One reason Buffett likes a forever holding period is due to the power of compound interest.

If you add $500 every month to a group of stocks that compound in value at 10% per year on average, you'll have $8.66 million in 50 years. The amount multiplies the more you save every month, or the higher rate of return you earn on your investments.

Source Fool.com