Got $3,000? Here Are 3 Stocks to Buy and Hold For the Long Term

If you are looking to buy and hold stocks for the long term, you have a few choices. You can invest in growth stocks that usually grow their sales or earnings faster than the average rates. Though such stocks generally trade at premium valuations, they can generate market-beating returns over the long haul due to their high growth and promising prospects.

At the other end of the spectrum are income stocks, which are usually more mature businesses that can provide you with regular dividend income. Finally, some stocks offer a mix of both income and growth characteristics. Here are three stocks -- a growth, an income, and a third one that combines both -- that can generate attractive total returns for you in the long run.

Beyond Meat (NASDAQ: BYND) can be credited for bringing the niche of plant-based meat products market into focus. A leader and early mover in this segment, Beyond Meat continues to research and innovate to make plant-based meat taste more like real meat. The company received overwhelming response for its products, with sales rising 170% in 2018 and 239% in 2019, before falling to just 37% growth in 2020 due to the impacts of the pandemic.

Source Fool.com