Got $1,000? 3 Stocks to Buy and Hold for 10 Years
Investing in 2020 has certainly been an adventure. Wall Street professionals and retail investors have navigated their way through a 34% loss in the broad-based S&P 500 in a matter of a month. They've also dealt with the benchmark index's 10 largest single-day point losses and eight biggest single-session point gains of all time since late February.
Although volatility can be unnerving at times, it's almost always an opportunity for investors to put their money to work in great companies at a discount. Best of all, you don't have to be a millionaire to make money on Wall Street. As long as you give your investment theses time to play out, you can compound your wealth just like the professionals on Wall Street.
If you have $1,000 that you don't need to pay bills or cover emergencies, you have more than enough capital to buy and hold the following three stocks for the next 10 years.
Source Fool.com
