“Buy and hold” is a common investing mantra but it’s important to be selective on which stocks qualify.
Ideally, you should look for companies with strong franchises, a competitive moat, and a track record of doing well through good times and bad.
It also helps if these stocks pay out a dividend that can act as a stream of passive income.
Blue-chip companies can qualify, along with businesses that generate healthy free cash flow and have strong branding and a dominant market share.
Here are four Singapore stocks that I believe you can buy and hold for the rest of your life.
VICOM Limited (SGX: WJP)
VICOM is a leading provider of inspection and technical testing services.
The group is a subsidiary of ComfortDelGro Corporation Limited (SGX: C52) and provides both vehicular and non-vehicular testing and inspection services.
VICOM has a market share of close to 75% in the vehicle inspection market and the group inspected a record 523,639 vehicles in fiscal 2021 (FY2021)....