2023-07-06 10:15:00 ET
The average holding period for a stock has been falling for a long time and now sits at less than a year. Owning stocks for such brief period means investor sentiment is likely to be the biggest driver of performance.
But if you stretch out your holding period, you can start to benefit from the fundamentals of a business. If you can think in decades, perhaps even holding a stock "forever," you'll want to look at Enbridge (NYSE: ENB) and Steel Dynamics (NASDAQ: STLD) today as they build for the future.
Based out of Canada, Enbridge is one of the largest midstream energy companies in North America. It offers a very attractive dividend yield of 7.1%. The dividend has been increased annually for 28 consecutive years. At its core, Enbridge charges fees to companies that are moving oil and natural gas through its system of infrastructure assets.
For further details see:
2 Brilliant Stocks to Buy Now and Hold Forever