Got $5,000? These Are 3 Stocks You Can Buy and Hold Forever

Stocks in companies that are essential to people's day-to-day lives are a good place to invest your money, as they're potentially less vulnerable to the market's sometimes wild swings. I'd classify all of the companies below as essential in one way or another, making them great additions to your portfolio. Investing $5,000 across these three stocks could give your portfolio some great diversification.

Eli Lilly (NYSE: LLY) is as essential as it gets for patients with various illnesses that mean they need the company's drugs. From cancer-fighting drugs to diabetes medications, Eli Lilly has a diverse portfolio of assets that contribute to its growth. Trulicity was the Indiana-based company's best-selling drug in 2019, with $3.2 billion in revenue in the U.S. market and $972.7 million coming from international markets. Combined, the diabetes drug accounted for $4.1 billion and about 18% of Eli Lilly's total product sales.

Image source: Getty Images.

Source Fool.com