I am a fan of the long term buy and hold strategy. If the markets high? I buy it. If there’s a dip? I buy even more.
S&P is great, and by being 50+% VOO and a mix of mag 7, I’ve had excellent returns since 2020. With that said, I’m a young investor (27m), and I’d like to plan more intelligently for the long term.
What industries, or companies, do you all believe will be around and thriving 20-30+ years from now?
For me, I think the culture of “tech” companies will continue to be strong with their hyper efficiency, monopolistic power, and acquisitive nature. So amazon, google, meta and Microsoft, will continue to acquire competitors and dominate all aspects of American life for years to come imo, but there are also dominant monopoly-like players in Walmart and Costco which I also believe will continue to rise and do in the physical world what the tech giants can’t/won’t. In terms of “what we’ll always need” in food, water, shelter, I’m less familiar with players that have the same level of dominance and will last.
I think energy is the crisis of our time, but I’m hesitant to bet on any individual company at this point. I’m not sure if others have insight, but I’d love to hear arguments not for what matters this year, but what will matter in the longest term.
Thanks in advance for any contributions.