If you are invested in stocks and dream of your money multiplying, it is best to buy solid stocks with undeniable growth catalysts and hold onto them for years, even practically forever, ignoring their daily price movements all the time. Compounding works like magic for years and that’s the only recipe you need to build wealth. Here are five such incredible stocks from different industries to hold forever.
Win the game with clean energy
If countries aiming for net zero emissions by 2050 are to achieve their goal, the International Energy Agency predicts that renewable energies will provide 60% of global electricity by then, up from just 27% in 2019. This is an incredibly compelling investment criterion for renewable energy. Energy values, especially those that are already preparing to take advantage of the enormous opportunities. NextEra Energy (NYSE: NEE) is the stock that comes straight to my mind for three main reasons:
- It is the…