3 Stocks to Hold for the Next 20 Years
Two decades is a long time to be invested in a stock. As it relates to the markets, a lot of big events have had quite an influence on stock performance over the past 20 years. From the events related to Sept. 11, 2001, to the tech bubble bursting, to the various wars, the expansion of the internet, the housing crisis and subsequent Great Recession, the development of smartphones, the longest bull run in modern market history, to the current pandemic and its lingering effects, there seems to always be a significant change around the corner.
But just because unexpected occurrences are a regular occurrence, it doesn't mean you can't invest with a 20-year time horizon. It just means picking tried-and-true companies that will thrive no matter the circumstances. To help you with that choice, here are three stocks that have long-term competitive advantages that helped them succeed over the past 20 years and should continue to provide shareholders with strong returns over the next 20 years, no matter what events transpire.
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Source Fool.com