3 Stocks to Hold for the Next 20 Years
It can be scary to buy a stock after it has gone way up. It can give you the feeling you might be showing up late to a party as they're about to turn out the lights. In my experience, those lights can stay on for a while, and that fear of being late has cost me some potentially big returns. (Looking at you, Netflix.)
Great companies build competitive advantages and often keep producing market-beating returns if you give them time to grow...and grow...and grow. Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT) have produced such returns and have become enormous companies -- the three largest market caps on the U.S. stock exchanges.
Is it too late to get on board? In my opinion, it's not. With their competitive advantages, track records of innovation, and huge amounts of free cash flow, I think these companies can keep beating the market for years to come.
Source Fool.com
