Got $500? 3 Value Stocks to Buy and Hold Forever
There's never any real shortage of stocks to consider buying. The only consideration is which stocks, or which kinds of stocks. Your job as an investor is to find the best risk-versus-reward scenarios available to you. This task is more challenging, however, when you're hunting for a true forever holding. These names must be in a business that will last ... well, forever. These companies must also be capable of adapting as needed.
To this end, here's a rundown of three value stocks you can comfortably buy and hold forever with a $500 investment. You might want to act sooner than later, too. With interest rates increasingly looking like they're going to remain relatively high for a while, value stocks may be entering a prolonged period of outperformance of growth stocks.
There's no denying this is a tough time to be in the banking business. Economic uncertainty is crimping demand for banking services and more existing loans are slipping into delinquency and even default. The echoes of last year's collapse of SVB Financial's Silicon Valley Bank and First Republic Bank were also rekindled by New York Community Bancorp's recent disclosure of "material weakness" with its loan review process, ultimately leading to the ouster of its CEO.
Source Fool.com
