Focus on Long-Term Growth: Invest in These 3 Stocks and Hold Them Indefinitely

If there’s one lesson the stock market has been teaching us since the end of February, it’s that short-term unpredictability is here to stay. The S&P 500 saw a shocking 9% drop in March, only to bounce back with an impressive 10% gain within a month. It’s funny, really—these swings didn’t catch anyone off guard, yet they still happened. Many could have sidestepped this rollercoaster entirely by sticking to blue-chip stocks.

With this in mind, let’s examine three solid growth stocks that you can buy and hold indefinitely with confidence—they tend to weather storms and push ahead over time.

1. Alphabet

You’re probably familiar with Alphabet (GOOG +1.99%) (Google +1.71%). This parent company of Google contributors over half of its total revenue.

But Alphabet is more than just a search engine. The company also owns YouTube, runs a significant cloud service, controls the Android operating system, and manages a few subscription-based revenue streams.

Even this variety isn’t the main reason to invest in Alphabet for the long haul, though. It’s more about the company’s proactive approach toward innovation. For instance, they’re currently building their own quantum computing platform, aiming to leverage this for artificial intelligence efforts. This won’t be the last groundbreaking initiative from them, that’s for sure.

2. Shopify

The e-commerce realm has major players, notably Amazon, which was pivotal in shaping it, but the landscape is evolving. Nowadays, consumers seek more than just variety; they want genuine connections with brands. Amazon.com, with its vastness, struggles to deliver that.

Enter Shopify (SHOP +3.18%). Unlike Amazon, Shopify empowers businesses to create tailored e-commerce experiences and sell directly to customers. And it’s clearly working: last year, their platform facilitated sales of $378.4 billion—up 29% from the previous year.

Of course, this is just the start, as shifts in consumer purchasing habits are still unfolding.

3. Taiwan Semiconductor Manufacturing

Finally, let’s talk about Taiwan Semiconductor Manufacturing (TSM +1.97%). This is yet another stock you can comfortably purchase for the long term.

This company isn’t just about making semiconductors; that’s a bit of an understatement. They supply a significant portion of the world’s high-performance processed silicon. Their clientele includes giants like Apple, Nvidia, and Broadcom.

Taiwan Semiconductor Manufacturing

Today’s changes

(1.97%) $7.16

current price

$370.51

Key data points

Market capitalization

$1.9 trillion

daily range

$365.15 – $375.57

52 week range

$145.84 – $390.20

volume

820K

average volume

14M

gross profit

61.02%

dividend yield

0.90%

This doesn’t mean that competitors can’t make their way into the semiconductor manufacturing arena. Companies like Intel are trying. However, Intel’s challenges are likely to highlight Taiwan Semiconductor’s strengths, addressing a crucial demand that shows no signs of dwindling. In fact, predictions indicate that the global microchip market will grow at nearly 11% annually through 2034, although growth in AI might be slowing.