3 Stocks to Hold for the Next 20 Years
The legendary investor Peter Lynch once said, "Everyone says they're a long-term investor until the market has one of its major corrections." That scenario is clearly unfolding right now, as the bulls who had grown accustomed to the market's cushy returns throughout 2020 and 2021 are being tested by inflation, rising interest rates, and other macroeconomic headwinds.
These kinds of gut-churning downturns separate the true long-term investors from the bull market geniuses. They also cast a spotlight on the kind of stocks you should hold for 20 years instead of 20 months. These three evergreen stocks fit that profile: Procter & Gamble (NYSE: PG), LVMH Moët Hennessy (OTC: LVMUY), and Walt Disney (NYSE: DIS).
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Source Fool.com