IIPR - 2 Stocks I'm Never Selling
Warren Buffett is well-known for saying that his preferred holding period for stocks is "forever," and it's not too surprising why. Once you've got your hands on a company that'll grow and grow for decades on end without interruption, selling it means missing out on future growth.
And that's why I plan never to sell this pair of businesses. There's always more money to be made by simply holding onto them, which takes zero effort. So without further ado, let's dive in and examine the two stocks I'll never let go of to see whether you might be interested in making a forever investment, too.
Innovative Industrial Properties (NYSE: IIPR) is a stock I'll never sell because I expect it to keep paying me money for holding it indefinitely. In case you aren't familiar, IIP is a real estate investment trust (REIT) that buys and rents out cultivation floorspace to cannabis companies. Specifically, it buys property from marijuana businesses already operating and then signs a lease with the former owners immediately after handing them their cash payment for the space. That simplifies the tenant search process as the prior owners are pinned to leases of between 15 and 20 years right off the bat.
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2 Stocks I'm Never Selling