ACRGF - 3 Growth Stocks to Buy and Hold for the Next 50 Years
Long-term investing has been shown to outperform short-term trading, but that doesn't mean that every stock deserves a spot in set-it-and-forget-it portfolios. Many of today's winners won't have what it takes to thrive for decades, so it's critical to due your homework and only focus on those companies best positioned for long-haul success. To help you find the best long-term stocks to buy, we asked three Motley Fool contributors to scour their universes. Read on to find out why they think American Tower (NYSE: AMT), Canopy Growth (NYSE: CGC), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are top stocks that long-term investors should stash away.
Tyler Crowe (American Tower): Investing in growth stocks over a multidecade period is incredibly hard because so few businesses are able to maintain their competitive advantages for that long. Two things tend to remain constant over time, though: improving standards of living in emerging markets and real estate.
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