3 Stocks You Can Buy and Hold Forever
You'll save yourself a lot of time and stress if you invest in stocks that you can buy and hold forever. However, it's not always easy to find companies that you can rely on for many years into the future. The key here is to figure out which businesses have strong competitive positions within industries that are unlikely to be quickly disrupted. Companies with staying power in stable or growing industries can make fantastic investments.
Amazon (NASDAQ: AMZN) is a household name and a tech giant that has one of the most stable outlooks in the stock market. The company rose to prominence by dominating the rapidly growing e-commerce retail industry. Amazon currently holds 40% market share of online sales in the U.S. E-commerce has grown steadily over the past decade, and this trend accelerated last year with everyone staying home and shopping online. Amazon will experience competition from people returning to stores, other major retailers investing in their digital channels, and smaller upstart sellers. However, Amazon has a wide economic moat due to sheer scale, brand strength, and incredible logistical strength.
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Source Fool.com
