Set It and Forget It: 2 Consumer Stocks to Hold for the Next 20 Years
Key takeaways
- CBRS VKTX When investing, it s easy to be impressed with stocks that deliver almost overnight gains.
- These happenings are great, but they represent a small part of the full investing picture.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
CBRS VKTX When investing, it s easy to be impressed with stocks that deliver almost overnight gains. We might see this after an initial public offering -- for example, artificial intelligence (AI) chip company Cerebras Systems jumped 68% on its first day of trading last month. Or it might happen after a company announces important news. Viking Therapeutics saw its stock surge more than 100% in one trading session a couple of years ago after announcing positive clinical trial results for its weight loss drug candidate.
These happenings are great, but they represent a small part of the full investing picture. What truly may propel you to significant gains over time are the workhorses of your portfolio: stocks that have what it takes to deliver growth year after year. So, while it s fine to invest in promising young companies, it s extremely important to diversify across well-established players that may offer you this security -- whether you re a cautious or aggressive investor.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »