MDT - Got $200? 2 Healthcare Stocks to Buy and Hold Forever.
2024-04-11 06:15:00 ET
There are plenty of things to buy with $200. But what about investing in a company that can grow your capital for years? Though some people believe they need millions, or at least thousands, to invest in quality stocks for the long term, there are some companies whose shares are trading for less than $200.
Let's consider two examples: Medtronic (NYSE: MDT) and Abbott Laboratories (NYSE: ABT) . The former is changing hands for just $83 per share as of writing, while the latter's shares are about $110. Here's why these two healthcare companies are solid "forever" stocks.
To find stocks worth holding on to for the long term, it's a good idea to start by considering companies that have been successful for a long time. Though the past isn't a guarantee of anything, in a world where a significant percentage of businesses don't last even five years, those that can keep the lights on for several decades are doing something right.
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Got $200? 2 Healthcare Stocks to Buy and Hold Forever.