Why Disney Is a Stock to Buy and Hold Forever
When you invest in equity markets, it is advisable to hold stocks over a long period of time. The buy-and-hold strategy has created massive wealth for shareholders. It can be difficult, however, to identify stocks that will be successful over the long term.
With rapid disruption in technology and consumer preferences, companies that do not meet challenges are left behind. Billion-dollar giants such as Nokia and BlackBerry, for instance, have been decimated in the smartphone race. But there is one stock that continues to be a top performer and has crushed market returns over the past three decades. Disney (NYSE: DIS) is a household name, and the stock has gained a whopping 750% since March 2009. But what makes Disney an attractive bet in 2020?
Disney is a well-diversified media and entertainment conglomerate with a strong portfolio that includes radio stations, movie studios, TV channels, theme parks, and now online streaming. The company has continually expanded its offerings, growing via acquisitions and by entering new markets.
Source Fool.com
