U - 3 Unstoppable Stocks That Could Create Lasting Generational Wealth

Building generational wealth doesn't happen very often. Only 27% of people whose parents have college degrees have received an inheritance of any kind in 2019, according to the Federal Reserve's Survey of Consumer Finances. If your parents didn't go to college, your odds are slightly worse. And the median inheritance received from college-degree parents was only $92,700. That amount is nothing to sneeze at, but there's taxes to think about. Moreover, this is the median inheritance. By definition, half of the people who did receive an inheritance received less than this.

The point is, the vast majority of us haven't and probably won't be receiving generational wealth from our parents. And this reality from the past can't be changed. But we can do something about the future by building wealth to pass on to the next generation by saving and investing our own incomes now.

Of course, if you're looking for stocks you can buy, hold, and pass on to your heirs, then you need to find companies that are unstoppable. For me, Unity Software (NYSE: U) , Axon Enterprise (NASDAQ: AXON) , and Lam Research (NASDAQ: LRCX) are three companies that might fit this description. These aren't necessarily three stocks with the highest upside. Indeed, they might struggle to beat the market average some years. But I do expect them to have greater longevity than many other stock options, so they're perfect for building generational wealth.

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