3 Stocks to Buy and Hold for Decades
Long-term, buy-and-hold investing has been shown to be one of the most profitable ways to invest.
Holding stocks for decades allows compounding to work its magic to deliver life-changing returns, and also defers capital gains taxes that would otherwise eat into your gains. Better yet, it allows you to sleep easy at night. You simply buy great companies and let time do the work.
If you doubt the wisdom of the strategy, just ask Warren Buffett, whose Berkshire Hathaway conglomerate has grown by a compound annual rate of 20% for decades, more than doubling the S&P 500's performance over the same timeframe and beating its total return several times over.
Source Fool.com