P 5 Stocks for the Next Three Decades
0.96%November 29 | MyPlanIQ portfolio symbol P_33091
5 Stocks for the Next Three Decades
April 27, 2011
Wall Street likes to focus on one-year price targets. I don't have much use for that.
In part, that's just because I'm lazy. When I invest in a company, I like to get to know it, and I sink a good amount of time reading SEC filings, examining the financials, and figuring out what makes the business tick. I don't relish the idea of starting this process from scratch at the beginning of every year.
A five- or 10-year price target is more my speed. Heck, stretching that out to 30 years sounds like a lazy investor's paradise. But is that even possible? Can an investor really buy any stock with an eye towards holding it for three decades?