Long-Term Investing: 2 Monster Stocks to Own for Decades
In recent weeks, it was easy to observe the dangers of short-term investing. In the blink of an eye, the three major benchmarks -- which had climbed over the past two years -- suddenly found themselves in the doldrums. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite each slid in March and April on concern that President Trump's import tariffs would hurt economic growth.Investors who aimed to sell stocks they recently bought may have found themselves in a difficult situation. But the picture for those who buy and hold on for the long term looked a lot brighter. History shows us that the indexes always have gone on to win over the years. So times of declines represent great buying opportunities -- you'll get in on quality stocks for reasonable prices and potentially set yourself up for a win farther down the road.With this in mind, let's consider two monster stocks that you'll want to hang onto for decades. They've proven their ability to grow earnings and share price performance over time, have solid competitive advantages, and are heading for ongoing success.Continue reading
In recent weeks, it was easy to observe the dangers of short-term investing. In the blink of an eye, the three major benchmarks -- which had climbed over the past two years -- suddenly found themselves in the doldrums. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite each slid in March and April on concern that President Trump's import tariffs would hurt economic growth.
Investors who aimed to sell stocks they recently bought may have found themselves in a difficult situation. But the picture for those who buy and hold on for the long term looked a lot brighter. History shows us that the indexes always have gone on to win over the years. So times of declines represent great buying opportunities -- you'll get in on quality stocks for reasonable prices and potentially set yourself up for a win farther down the road.
With this in mind, let's consider two monster stocks that you'll want to hang onto for decades. They've proven their ability to grow earnings and share price performance over time, have solid competitive advantages, and are heading for ongoing success.
