3 Great Stocks You Can Buy and Hold Forever

"Buy and hold" -- it's a classic investing adage, and it makes a lot of sense, too. Many great fortunes were made by buying into great stocks and just hanging on -- for decades. Those who have reaped gains exceeding 1,000% or even 10,000% on dynamic stocks such as Netflix (NASDAQ: NFLX) or Amazon.com (NASDAQ: AMZN) have done so by holding through ups and downs over the years.

There's a useful distinction to be made, though, between buying and holding, and buying to hold. The latter is the better approach, because some companies' stocks are just not ones to buy and hold forever. They may seem that way at first, but fortunes can change. Plenty of once-great companies have ended up in the dust heap of history. So buy with the intention of holding for a long period, but keep up with your stocks periodically, to make sure they're still on track and still seem promising.

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Source Fool.com