Over the long run, there’s no better bang for your buck than the stock market. Despite undergoing numerous major corrections, including the dot-com bubble in the early 2000s, the Great Recession of 2007-2009, and the coronavirus crash, the benchmark S&P 500 has delivered an annual average total return (i.e., including dividends) of 10.9% over the trailing 40-year period. In other words, it’s taking less than seven years for investors to double their money.
But as investors, we’re also acutely aware that no two stocks are the same. Businesses that can offer game-changing innovation or disrupt big-dollar industries can carry a portfolio to market-topping gains. These are the types of companies investors should want to hold for 10 years, if not longer.
If you have cash at the ready and are looking to add potential industry disruptors to your portfolio, here are four to buy and hold for the next decade. Read more…..
Chart of the Day
Leah Bennett, president of Westwood Wealth Management’s Houston office, and Lamar Villere, portfolio manager at Villere Balanced Fund, join “Squawk Box” to discuss where investors can find value in the markets even has the S&P 500 and Nasdaq sit at record highs.