2 Top Stocks You Can Buy and Hold for the Next Decade
When I go shopping for great companies, it's always to buy and hold them over years, even decades, if need be. The power of compounding makes growth stocks the perfect candidate to multiply your wealth over the long term. That said, we have to be selective in what we choose to buy and hold, as a wrong choice could end up eroding our wealth, rather than growing it.
Attributes I look for in ideal growth stocks include a strong competitive moat and brand name. This makes loyal customers keep coming back for repeat purchases. The company should have a distinctive edge when it comes to innovative products or services that surpass the competition. Also, it should come up with plans to continuously grow and expand the business, and be able to execute on these initiatives. A great management team that is adept at capital allocation should be part of the equation, too.
Here are two of the top stocks that I believe investors can buy and hold for the next decade and beyond.
Source Fool.com
