5 Great Stocks You Can Buy and Hold Forever
Investing in stocks can be an incredibly effective way to generate wealth, and one big reason why is the power of compound growth. But compounding can only really work its magic if you have the patience to buy and hold for the long term. Your goal should be to hang onto your stocks practically forever, unless your underlying investment thesis and conviction on the company changes.
To do that, you'll need to start by picking fundamentally solid companies with tangible growth catalysts. The five stocks below are perfect wealth-building candidates to buy and hold forever.
Canadian National Railway (NYSE: CNI) has quietly made massive profits for investors who've held the stock and reinvested dividends through the past couple of decades. The company has increased its dividend every year since 1995 at a compound annual growth rate (CAGR) of 16% through 2019.
Source Fool.com
