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

The stock market can go through periods of higher than normal volatility. If anyone needs a reminder of that, look no further than the violent fluctuations of 2020. Still, over the long run, stocks are an incredible tool for increasing your wealth. And better yet, picking companies with excellent long-term prospects can increase your chances of beating the market and bringing you closer to your financial goals.

Coca-Cola (NYSE: KO), Starbucks (NASDAQ: SBUX), and Chipotle (NYSE: CMG) all fit that description. These companies will benefit as economies continue reopening this year. Coronavirus cases and hospitalizations are on a downward trajectory, and as of this writing, nearly 250 million doses of COVID-19 vaccines have been administered worldwide -- over 60 million of those going to people in the U.S.

That is giving hope to people and businesses that this recovery will be a sustainable one. And pent-up demand from consumers could boost businesses as they work to recover lost ground.

Source Fool.com