2 Stocks to Buy and Hold for Decades
Investing in stocks might not make you rich overnight, or even over the course of a few years. However, buying stocks and holding them for a long time -- and letting the magic of compounding do its thing -- is a time tested way to grow your wealth over time. Not all stocks are created equal, though, and picking the right stocks to add to your portfolio is critical to the success of this strategy.
With that in mind, here are two top stocks that you can buy and hold for a long time: NeoGenomics (NASDAQ: NEO) and Facebook (NASDAQ: FB).
NeoGenomics runs a network of oncology-testing laboratories. The company offers genetic-testing oncology services to hospitals, pathologists, and oncologists, which help detect cancer earlier, thus significantly improving the patients' chances of survival. NeoGenomics also helps drugmakers through the clinical trial process. One of the healthcare company's offerings is helping pharmaceutical companies design proper studies to test their investigational drugs. NeoGenomics has easily outperformed the broader market over the past three years.
Source Fool.com
