Got $5,000? Here Are 3 Stocks to Buy and Never Sell
Though amusement parks may not be open due to the coronavirus disease 2019 (COVID-19) pandemic, Wall Street has had all the roller-coaster ride it can handle in 2020 -- and there are still 5.5 months left in the year.
When COVID-19 cases initially began to hit the U.S., the benchmark S&P 500 lost a staggering 34% in 33 calendar days. It was the quickest descent into bear market territory from a recent high in history. But during the second quarter, the S&P 500 delivered its best performance since 1998, with the technology-dependent Nasdaq Composite setting more than two dozen all-time record closing highs this year, despite the pandemic turmoil.
If 2020 has taught or reminded investors anything -- aside from the fact that corrections are impossible to predict in advance with any accuracy -- it's that buying and holding great companies is the easiest and most successful path to wealth creation. Best of all, some companies are so outstanding that there's really no need to ever sell.
Source Fool.com
