Buying and holding stocks for especially long periods of time is perhaps the easiest and most effective strategy when it comes to producing sizable returns on your capital. Even so, some companies are obviously better suited as long-term investing vehicles than others. With this in mind, our Foolish contributors offer up 7 stock picks below that they think are worth buying and holding for the next 20 years. Read on to find out which stocks they picked and why.
Few companies are able to adapt to changing tastes, let alone create something iconic that stands the test of time. That said, Walt Disney (NYSE:DIS) is in that elite group, which is why its stock is one that I plan to continue holding for the next couple of decades. Celgene (NASDAQ:CELG)offers investors everything they'd look for in a long-term investment: organic growth, inorganic growth, and collaborations. ne company that is really intriguing to me over the next two decades is a company few have heard of: Kandi Technologies Group (NASDAQ:KNDI). One company that fits my criteria as a 20 year holding is Enterprise Products Partners (NYSE:EPD). Following its merger with Freescale Semiconductor, NXP Semiconductors (NASDAQ: NXPI) became the fourth largest semiconductor supplier in the world. I've been talking about Tesla Motors (NASDAQ: TSLA) lately, and there's not much reason to stop. Pfizer (NYSE:PFE) is definitely a good name to consider as a long-term investment right now.
Source: Motley Fool
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