If I Were in My 20s, I'd Buy These 3 Stocks and Hold Them Until Retirement
Investors who take a long-term approach to the stock market can earn life-changing returns.
Overview
The stock market can be an incredible wealth-building machine for patient investors. Over the last 30 years, the S&P 500 (SNPINDEX: ^GSPC) index has delivered a compound annual return of 10.5%, which would have turned an investment of $10,000 into almost $208,760. Many individual stocks have performed even better, albeit with more volatility along the way.
But for young investors in their 20s, taking a little more risk for the opportunity to earn higher returns can be a worthwhile trade-off. If I were that age today, I'd buy these three stocks with the intention of holding them for the next 30 or 40 years until retirement.
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Originally published at www.fool.com.