This story was originally published here.
Buying and holding long-term stocks is an investment strategy that runs counter to investing in 2020. No commission trades and an app like Robinhood allow traders to buy or sell shares in the time it takes to order from DoorDash. In the case of Robinhood, they can even buy fractions of shares.
The popularity of rapid fire trading is not really surprising. Gambling has become a big part of our culture. Casinos (at least before the novel coronavirus pandemic) are a mainstream form of entertainment. DraftKings (NASDAQ:DKNG) has climbed into bed with ESPN in a significant way.
And there’s nothing wrong with setting aside a portion of your portfolio to take some risks if you can. But frequent trading, like gambling, can be hazardous when it comes to meeting your long-term goals. This is especially true during times of market volatility like we’re seeing in 2020.
By contrast, history shows that buying quality stocks and holding them for a long time is the key to investing success. This doesn’t mean that long-term stocks will always go up. Every stock has its ups and downs.
The key word is quality. Quality stocks have a track record that gives you confidence that the stock will trend up over the long term. Is it boring? It can be. However, there’s something to be said for stocks that have been there and done that. Although past performance doesn’t guarantee future results, it’s a pretty good indicator that the company is not resting on past laurels.
Here are six long-term stocks to see you through the bad times…
Editor's Note: Click here to keep reading.
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Hi, John Jagerson here.
I’m a senior analyst here at InvestorPlace.
If you haven’t yet seen this…
For a short time, I’m sharing the details on a little-known strategy that allows you receive instant cash upfront — anywhere from $240 to $2,475 per trade — every single time you make a simple transaction in a brokerage account.
Just take a look at some of the recent upfront cash payouts you could have received…
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Bank of America
Of course, all investments carry risk, and past performance never indicates future returns…
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Senior Analyst, InvestorPlace
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