It can be tough to take a buy-and-hold approach when markets are volatile, but it can mean getting market-beating returns
One of the core philosophies of Berkshire Hathaway’s
(NYSE:BRK.A, NYSE:BRK.B) Warren Buffett is the importance of taking a
buy-and-hold approach to investing. About long-term stocks, he once famously
said: “I never attempt to make money on the stock market. I buy on the
assumption that they could close the market the next day and not reopen it for
five years.”
No doubt, this focus on long-term stocks has worked out
extremely well for him. Buffett is worth a staggering $81 billion. He has also
done this by generally avoiding the high-growth areas of the markets, such as
tech stocks.
OK then, in light of all this, what are some stocks to buy
right now — and to hold on to for the long term? Let’s take a look at five:
No comments:
Post a Comment