TOP 3 STOCKS TO OWN FOR THE NEXT DECADE- YOU NEED TO OWN THESE!

If your considering what stocks to own for the next decade, this list will be for you. Set it and forget it. Buy these stocks on economic downtrends and watch your portfolio grow over 10 years time. While rather obvious, I want to reiterate how great of names these are. As always, before investing and buying into a company, do your own research and come to your own inclusion. This is our research and why we believe these names will continue to bring big returns in our portfolios.

1. AMAZON (AMZN)- The obvious choice. Amazon is the biggest player in the e-commerce space and cloud hosting. Everyone knows of Amazons primary business. Most of us see it daily driving through the streets and we see a package at every door with the Amazon boxing. However, Amazon is also set to emerge in new markets. It is rapidly growing in the digital advertising sector and healthcare. Buying Amazon stock is much like buying Tesla stock, you have to believe in Jeff Bezos and his ideas. Amazon has a 37.8% market share of the e-commerce space, for reference the next largest market share on the list is Wal-Mart at 6.3%. Perhaps the biggest reason for buying Amazon stock is their AWS- Amazon Web Services. Leading 34% market share in 3rd quarter of 2022.

    

2. TESLA (TSLA)- Elon Musk. Need we say more? It boils down to do we believe in his vision. Our answer is an astounding, yes. Tesla is growing so fast, it should carry a higher valuation. Tesla has an average P/E ratio of 44x.The company saw a net income of $1.19, which was far better than the expected $1.13 a share. Tesla remains the global EV leader, despite a growing number of competitors. Tesla recently cut prices on their vehicles and experienced a resurgence of orders and strong demand, compared to ever for the company. Bottom line, if you are a fan of Elon Musk, this is the stock to own. His ideas and innovation are simply second to none.

3. Vanguard 500 Index Fund ETF (VOO)- Not an individual name, but a ticker everyone must own. While being an exchange traded fund, this name can and will bring some serious returns to your portfolio. Buying this name, is buying into the S&P500. Historically, the S&P500 generates a return of 8% a year on average, sometimes more, sometimes less. However, we believe if you can own this name, you are owing a piece of the 500 best companies in America. If you can buy this name during economic downturns and go in with a heavy position sizing, over the course of a decade, you will be very happy with the returns you see. Why VOO over SPY? The expense ratio, while this may not matter to many, VOO has an expense ratio that is much smaller than SPY and over the course of a decade or two, fees can eat away at returns. So go with the one with a smaller fee. A quick comparison as well, the SPY fund has assets of $356 Billion while VOO has assets of $744 Billion.

A few of our choices when building out a portfolio for the next decade. This is a good starting point for building wealth and seeing your returns generate higher numbers. A concept we will be covering soon is, ALPHA and BETA, and why these are so important when investing.

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