3 Top Stocks You Can Buy and Hold for the Next Decade
When it comes to picking stocks to hold for the long term, it's wise to focus first on the underlying business. To earn your investment, a company should be able to display a strong track record of growth, possess a durable competitive moat, and enjoy tailwinds that can assure investors of its continued prosperity.
And while it's true that COVID-19 has upended many formerly solid business models, it has also strengthened plenty of incumbents that were in positions to successfully navigate the shifting environment. In particular, the digitalization, social media, and e-commerce trends were accelerated by the pandemic.
But regardless of the path the economy takes as the country looks ahead, those trends are here to stay, and these three companies are well-positioned to take advantage of them -- which is why they are good candidates to hold in your portfolio for the next decade or longer.
Source Fool.com
