3 Stocks to Buy and Hold for Decades

There are a great number of businesses that come and go over the years. As investors, we should continuously search for businesses that have staying power, as this allows them to thrive over the long term. Such great businesses offer a good mix of growth and dividends over the years to help you to compound your wealth, paving the way for a comfortable and secure retirement.

The key characteristics of companies that can stand the test of time include a long runway for growth, a dominant market position, and a large and untapped addressable market. Although such companies are often not cheap when assessed using normal valuation metrics, their consistency and stability assure investors that they need not lose sleep over their portfolios.

Here are three great stocks that you can buy and hold for decades.

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Source Fool.com