7 Long-Term Stocks to Buy and Hold Until 2023
The stock market is still in the process of absorbing the many macro concerns that have been top of mind so far in 2022. This may make investing in today’s environment frustrating. However, the best course of action may be to take advantage of the uncertainty and consider loading up on the best long-term stocks to buy and hold until 2023. Why? The market may be on the verge of hitting a bottoming-out moment. In large part, this is due to a possible change in one factor that’s played a big role in the market’s selloff: rising interest rates. After raising rates to curb inflation, the Federal Reserve could next year lower rates to soften the blow of a recession. Admittedly, it’s too early to say a rate cut next year is a given. A comeback for stocks could also take time to play out. Even so, now may be the time to scoop up high-quality names that continue to trade at very favorable valuations. With that in mind, consider these seven long-term stocks to buy and hold until 2023. Each one earns an “A” rating in my Portfolio Grader .
7 Long-Term Stocks to Buy and Hold Until 2023
The stock market is still in the process of absorbing the many macro concerns that have been top of mind so far in 2022. This may make investing in today’s environment frustrating. However, the best course of action may be to take advantage of the uncertainty and consider loading up on the best long-term stocks to buy and hold until 2023. Why? The market may be on the verge of hitting a bottoming-out moment. In large part, this is due to a possible change in one factor that’s played a big role in the market’s selloff: rising interest rates. After raising rates to curb inflation, the Federal Reserve could next year lower rates to soften the blow of a recession. Admittedly, it’s too early to say a rate cut next year is a given. A comeback for stocks could also take time to play out. Even so, now may be the time to scoop up high-quality names that continue to trade at very favorable valuations. With that in mind, consider these seven long-term stocks to buy and hold until 2023. Each one earns an “A” rating in my Portfolio Grader .