Published on 10 Dec 2023 on Insider Monkey via Yahoo Finance

11 Best Stocks to Buy for the Next 10 Years

 In this piece, we will take a look at the 11 best stocks to buy for the next ten years. If you want to skip our take on what's happening in the stock market right now and some future predictions, then you can take a look at the 5 Best Stocks to Buy for the Next 10 Years.

As 2023 comes to an end, the stock market of today is vastly different from what investors were used to just a couple of years back. Just like the reverberations from the 2008 Great Recessions were felt for years, right now, the market is reflective of the after effects of the coronavirus pandemic. The pandemic, which led to global lock downs, carried the risk of shuttering down economies. To combat this, central banks drastically reduced interest rates and governments provided generous stimulus checks. Combined with the higher demand for tech products, this was a boon for the stock market as major indexes reversed their post coronavirus losses within months.

However, the biggest side effect of this fiscal largess came in the form of high inflation that was compounded by the Russian invasion of Ukraine. To combat this and ensure that inflation does not become a permanent feature of the economy, central banks responded by rapidly jacking up interest rates. This had broad implications for the stock market, as stocks fell due to the tighter credit conditions that higher rates place on businesses as well as due to the leveraged nature of the hedge fund industry.