Best 10 Stocks to Buy Now and Hold Forever

We continue the Top Stocks to Buy Now and Hold Forever small series with our Canadian picks. Which one would you add to your portfolio? Go back to part 1 and learn about our US picks.

Save your spot for the Dividend Income for Life Webinar to select the best quality stocks to create a sustainable income at retirement.

You’ll Learn

Let’s start as Canadians as we could be two financial stocks: Royal Bank (RY.TO) (RY) and Brookfield Corporation (BN.TO) (BN). While in the same sector, they have different business models. So what makes them good stocks to buy now and hold forever?
But what about Mike’s favorite, National Bank? Are RY and BN showing a better entry point?
What are the potential risks for Royal Bank and Brookfield Corp?
Alimentation Couche-Tard (ATD.TO) has been a darling for many years. Why is it still one you expect to hold forever?
Recent quarters have caused mixed feelings about Couche-Tard in the stock market. Is this the consequence of potential risks or simply a rare buying opportunity?
Alimentation Couche-Tard is the only Canadian company mentioned today not trading in the US market. Americans could buy it using pink sheets, but is it worth it?
The following stock on our list is an industrial stock: Canadian National Railway (CNR.TO) (CNI). Of course, railroads are not about to disappear and are hard to replicate, but what makes CNR one to hold forever?
Looking at its yield and PE history, is CNR showing an attractive price? And what are the potential downsides related to the company?
The last is the perfect example of a stock you buy and can expect to hold forever. It’s the mother of Canadian dividend stocks. We could also qualify it as a boring but steady utility. I’m talking about Fortis (FTS.TO) (FTS). What else makes it one to buy now and mostly forget about it?
As a regulated utility, is there a risk that Fortis would become too boring and not show enough growth?