If I Could Only Buy and Hold a Single Stock, This Would Be It

Let's address the elephant in the room: The idea of buying and holding just one stock is something I would never do, and frankly, the thought seems absurd to me. My portfolio is composed of dozens of stocks, as it provides me with a level of safety and diversification that lets me sleep at night. Even if one of my largest positions falls 30% or 40% (and they have), my entire portfolio only loses between 1% and 2%. I can't imagine a scenario where I would limit myself to one stock, and I recommend building a portfolio of 15 to 20 stocks at a minimum.That said, and purely as a thought exercise, if I were to hold only one stock, it would have to meet certain criteria. I would want a company that is an industry leader, with a large addressable market and a long track record of performance. I would want to own a company that's a proven leader -- a business fueled by innovation, strong secular tailwinds, and a history of financial success.If I could only buy and hold a single stock, Nvidia (NASDAQ: NVDA) would have to be it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool