Want to Get Richer? 3 Best Stocks to Buy Now and Hold Forever
With a stock market sell-off in 2022, it has become crucial to buy shares in companies likely to grow over several years. A long-term investment strategy can safeguard you from economic fluctuations, such as a potential recession in 2023.
Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and Advanced Micro Devices (NASDAQ: AMD) have each proven themselves as excellent growth stocks, with their share prices seeing triple-digit growth in the last five years despite declines this year. As a result, these companies' stocks are no-brainer buys, allowing you to sit back and let your money work for you indefinitely. Here's why.
As the most valuable company in the world by market cap, it's hard to argue against investing in Apple. The company has developed a walled garden of products and services that manages to pull consumers further into its fold with just one purchase. For instance, people who buy an iPhone are more likely to choose Apple again when looking for a laptop, smartwatch, or tablet in the future, thanks to the effortless connectivity between its products.
Source Fool.com
