7 Cheap Stocks to Buy and Hold for the Long Haul 2022 has been a trying year for the financial markets thus far. Stocks have tanked, bond yields may keep rising, interest rates are soaring and the market fears of a recession keep mounting. However, long-term-oriented investors who have some cash on the side have many choices as high-quality stocks to buy trade at cheap valuations. While it may be too early to call a bottom on the U.S. stock market at this time, it is also true that a market bottom is only observable after it has already happened. Opportunities to scoop cheap stocks to buy and hold can be easily missed. Instead of trying to time the bottom in the volatile markets, investors may still do well buying and holding cheap stocks of companies with proven business models, profitable operating models, financially strong balance sheets, and a high likelihood of bouncing back from a recession. Some of the cheap stocks to buy on my list right now are recent purchases made by value investing legend Warren Buffett-led Berkshire Hathaway (NYSE: BRK-B ).