3 Reasons to Buy Nike and Hold It Forever
The market has had investors walking on thin ice in recent months. With record levels of inflation, rising interest rates, and concerns involving Russia and Ukraine, growth stocks have been under an immense amount of pressure lately. It's very common for investors to shift from speculative investments into safer assets during times of uncertainty, which is exactly what's going on today.
It wouldn't be unwise to consider turning to more established companies for the time being. Companies like Nike (NYSE: NKE) offer investors much-needed security in today's shaky economic environment. Nike, which is perhaps the world's most recognizable retail brand, possesses many favorable characteristics for a long-term investment portfolio. Although there are many reasons to fancy the prominent retailer, here are three worthy justifications for buying Nike today and holding it forever.
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Source Fool.com