Investor Shares Long-Term Vision for Stocks in Costco, Amazon, and Apple
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The author tries to buy and hold stocks for the long term, with some he envisions holding "forever" like Warren Buffett recommends.
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Costco has a successful membership-based model leading to strong renewal rates, cash flows, and 81,000% stock growth since IPO.
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Amazon struggled recently but has rebounded with triple-digit profit growth, and its cloud business AWS continues growing at double digits.
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Apple is becoming more of a services company thanks to its ecosystem of over 2 billion devices, with services revenue now making up 19% of total revenue.
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While the author can envision scenarios for selling any stock, these 3 companies have such strong competitive advantages and growth he finds it hard to imagine selling them.