2 Soaring Stocks to Hold for the Next 20 Years
Investing in a soaring stock isn't only about winning in the near term. If the player has a track record of earnings growth and bright future prospects, you actually may miss out if you sell today to lock in a quick gain. Instead, you could score an even bigger victory if you hold on to these players for the long haul and benefit as these companies grow and develop their businesses. How to identify them? They often are leaders in their field, have strong relationships with their customers, and clearly have potential to keep generating growth well into the future.Two consumer-oriented stocks fit the bill right now. They've climbed in the double digits so far this year but have plenty of room to run over the long haul. And that's why you should consider buying now and holding onto these soaring stocks for the next 20 years. Let's take a closer look at each one.Image source: Getty Images.Continue reading
Investing in a soaring stock isn't only about winning in the near term. If the player has a track record of earnings growth and bright future prospects, you actually may miss out if you sell today to lock in a quick gain. Instead, you could score an even bigger victory if you hold on to these players for the long haul and benefit as these companies grow and develop their businesses. How to identify them? They often are leaders in their field, have strong relationships with their customers, and clearly have potential to keep generating growth well into the future.
Two consumer-oriented stocks fit the bill right now. They've climbed in the double digits so far this year but have plenty of room to run over the long haul. And that's why you should consider buying now and holding onto these soaring stocks for the next 20 years. Let's take a closer look at each one.
Image source: Getty Images.
