Every investor dreams of owning the next Amazon, where one stock, held for life would make a big difference to their portfolio.
Such businesses should ideally have a strong competitive moat and a track record of consistent, steady growth.
They should also demonstrate the ability to remain resilient in the face of crises such as the COVID-19 pandemic.
Ideally, these companies should also be able to pay out increasing dividends over the years as their profits and cash flow improve.
To be frank, there aren’t many companies out there that display such attributes.
But if you do find such stocks, it’s a good idea to hang on to them.
Holding them over years can help you to compound your wealth and also increase your flow of passive income.
If done right, investing can help you to achieve a comfortable retirement.
Here are three stocks that I never plan to sell....