Real value comes from holding on to your stocks for years -- decades is best -- and watching as their businesses grow and appreciate. It's not as exciting as taking a flier on a WallStreetBets stock, but buying good companies that still possess long-term potential and never selling is how you really accumulate wealth. That's why I plan to hold these two stocks forever.
You may know aftermarket auto parts retailer Genuine Parts (NYSE:GPC) better as the owner of NAPA Auto Parts stores. It has a long history of outperformance with sales growing in 87 of the last 93 years (last year being one of those anomalies where revenue dropped, though for obvious reasons). Robinhood's meme stock crowd would probably never pile into Leggett & Platt (NYSE:LEG) because making innerspring coils for mattresses and sofas is not the sort of sexy play that pops up in internet chatrooms. Yet this study business has been around since 1883 and keeps chugging along largely out of view of the masses, but producing outsized returns for those in the know.
Source: Motley Fool
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