3 Stocks to Buy and Hold for the Next 10 Years
If 2020 taught us anything from an investing perspective, it's that companies that are built to last are better able to withstand the unexpected negative surprises the world throws at them. Hopefully, we're closer to the end of the COVID-19 pandemic that caused last year's turmoil than the beginning of it. Still, history suggests that there will be another market shock in the future, which makes it important to continue looking for companies that are built to last for your long-term investments.
Some key characteristics of a company built to last include a solid balance sheet, a moat protecting its operations against competition, and business lines that meet key needs of its customers. With that in mind, these three stocks look like they're built to last and thus might be worth buying to hold for the next 10 years.
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Source Fool.com
