3 Consumer Stocks to Buy in November and Hold for the Next 20 Years
The S&P 500 took a bit of a tumble at the start of November, falling 3.1% from Nov. 2 to Nov. 6. Election uncertainty, fears of a growing artificial intelligence bubble, stubborn inflation, and speculation around an interest rate hike in December all likely played a role in the week's decline. That said, while there is plenty of uncertainty swirling around the markets, history shows that investors are better off taking a long-term approach rather than trying to predict short-term price action. For instance, according to Hartford Funds, if you had invested $10,000 in the S&P 500 in 1996 and didn't touch it until the end of 2025, that initial $10,000 would be worth $192,167. However, over the entire period, just missing the 10 best days of the market would have turned that $10,000 into $85,490. While still impressive, that's 56% less than the investor who just left their original investment alone. Continue reading