3 Stocks to Hold for the Next 20 Years
It's always best to enter the stock market with a long-term mindset. Doing so can safeguard your investment from temporary headwinds like the ones that occurred last year amid an economic downturn. For instance, the Nasdaq Composite index plunged 33% in 2022. However, easing inflation has boosted the index by 21% year to date, leading it to grow 72% over the last five years despite recent challenges.
As a result, investors who pulled out during market lows in 2022 will not be benefiting from its gradual recovery this year.
Along with a long-term perspective, it's prudent to choose stocks in companies that have significant market share in growing industries, as market development can almost guarantee long-term stock growth.
Source Fool.com
