3 Stocks to Hold for the Next 20 Years
The growth-centric Nasdaq Composite index delivered a 500% return between 2011 and 2021. The sell-off this year has given back a third of those gains. But while a bear market is never fun to live through, it often provides incredible buying opportunities.
The safest way to invest in a bear market is to stick with large, established companies that provide essential services to consumers and businesses. Investors who buy an equal amount of the following stocks should earn great returns over the next 20 years.
Spending on hotels and cruises has not fully recovered back to pre-pandemic levels, but that makes Airbnb's (NASDAQ: ABNB) recent results even more impressive. The rental platform reported $17 billion in gross booking value in the second quarter -- 73% higher than the same quarter in 2019. Airbnb was gaining share in global travel before the pandemic, and its outperformance in 2022 bodes well for long-term growth.
Source Fool.com
