Every seasoned investors knows that you should never invest your money and not track its progress. However, there are plenty of stocks out there you can consider purchasing with the peace of mind that the security will continue to thrive for the foreseeable future.
To find the best “buy and forget” stocks in the market, you first want to make sure to find stocks whose underlying businesses have proven through the years an ability to navigate even the toughest market conditions. Another good characteristic to look for are those companies that have emerged as leaders in their sector. Every sector will eventually run into problems, but the leaders within the sectors tend to hold up better due to their strong market share. This is especially true in sector that have large barriers of entry.
Dividends are another thing to look for. Building income to a portfolio is vital to long-term investing success. Whether markets are strong or weak, investors will always seek out income, and this is especially true during times of market weakness, making them a strong defensive lay for long-term investors.
We want to take a look at five stocks that are perfect candidates for investors looking for stocks to buy without the hassle of having to keep daily watch on their investments. Never forget the importance of monitoring any investment you make, but these five stocks are solid buy candidates that you can get into and hold for a lifetime.