3 Energy Stocks to Buy With $500 and Hold Forever
This stock trio will give your portfolio durable, high-income exposure to the world's present and future energy pictures.
The world continues to use more energy and may continue to do so for the foreseeable future. According to McKinsey & Company's 2024 Global Energy Perspective, worldwide energy demand could grow until 2050. While the United States and other developed countries have become more energy efficient, the growth in emerging markets is more than offsetting that.
Energy will remain the foundation for the global economy, making energy stocks a no-brainer for almost any long-term investor -- especially those who like dividends.
Admittedly, the conversation about how the world will meet its energy needs is more complex. Renewable energy sources, like solar and wind power, will probably become increasingly important to the world's energy future. This trend has been ongoing and is poised to continue as countries work to mitigate carbon emissions.
