If you're a long term investor that's looking for a good list of stocks to buy and hold for the next 10 years then you will surely enjoy this list.
In the 2000's, Apple reward shareholders who bought the stock near $2. In the 2010's, Netflix was the top performing stock that made early investors a fortune.
Now, it's time to find out which stocks could dominate the 2020's and make investors a ton of money. Here's a list of good long term stocks that serve as good holds over the next 10 years.
- Tesla (TSLA)
- Nio (NIO)
- Chargepoint (SBE)
- DraftKings (DKNG)
- AirBNB (ABNB)
- Uber (UBER)
- Purple (PRPL)
Tesla (TSLA) – Best American EV Stock
It's hard to talk about the best stocks to own for the next decade without mentioning Tesla First. Tesla is the world's largest car company and CEO Elon Musk became the 2nd richest man in the world thanks to Tesla's massive 2020 bull run.
Tesla is an electric vehicle company at heart but Tesla is also working towards building a more sustainable environment with its growing solar panel business.
Tesla's best selling car models include the Model 3 and Model Y and they are expected to reach over 500,000 deliveries in 2020. Many Tesla bulls have built a cult following around the stock thus turning many long term holders in multi-millionaires.
Nio (NIO) – Best Chinese EV Stock
While Tesla is the king of North America, Nio is considered the dominant EV car company in China. CEO William Li built Nio into a $70 billion company by launching attractive electric SUVs with a unique battery rental feature to make the cars more affordable.
Nio delivers about 50,000 vehicles per year and trades at 1/10th the market cap of Tesla. While Tesla built a Shanghai gigafactory to boost production in Nio, I think Nio is still the king of China because the Chinese customer treats Nio like a cult-like company. If you're looking for a chinese EV stock with lots of growth ahead then Nio is a great choice.