3 Stocks You Can Buy and Hold Forever

It's not wrong to have strict criteria in place when selecting companies to invest in for the long term. After all, if you intend to park your money for years and still enjoy a good night's sleep, these companies should have certain key attributes that make them attractive for long-term investment. Not many businesses make the cut, but for those that do, it's worth taking a second look at them.

Some aspects that I look for are companies that possess a strong competitive moat and are market leaders within their respective industries. Ideally, they should have a long track record of growing their revenue, net profit, and cash flows while also possessing a good runway for future growth. Finally, they should show themselves to be resilient to crises such as the current COVID-19 pandemic.

After filtering out a whole bunch of companies, here are three stocks you can confidently buy and hold forever.

Source Fool.com