MA - 3 Stocks to Buy and Hold for Decades
Investing in stocks is one thing, and owning them for decades is another. Studies have shown how some stocks can make investors rich, even millionaires, if investors have had the patience to ignore the day-to-day meanderings of the market and own the stocks for decades.
Of course, stocks that you can own for such a long time must not only have proved their mettle but also must possess major growth catalysts to keep the momentum going. if you're already wondering where to find such stocks today that could make you so wealthy years down the line, check out the following three champions in their respective industries.
American Water Works (NYSE: AWK) shares have risen nearly sixfold in the past decade, and almost eightfold with reinvested dividends. While past performance doesn't guarantee future returns, the stock has great chances to be a multibagger in coming decades for three key reasons: