The process of investing can be described as simple, but not easy. An investor can accrue outsize gains simply by buying index funds over time, for example, or by building a portfolio packed with high-quality businesses and holding on for many decades.

The hard part comes when trying to identify those superb businesses beforehand. It's also a challenge for many investors to hold stocks through the ups and downs of intense market volatility.

It can help your resolve to have a good understanding of the business in question. You're also more likely to be patient with a stock when it returns lots of cash to you through dividends or share buybacks. So let's look at some of these stocks that can anchor your portfolio for many decades. Read on for some good reasons to buy Procter Gamble (NYSE: PG) and (NASDAQ: MSFT).

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Source Fool.com