Why set and forget stocks do not exist
Many investors come to the ASX hoping to find a stock that can be bought once and then ignored for the next 20, 30 or even 40 years. The problem is that such a stock would require a company to remain profitable, competitive, well managed and appropriately valued across multiple decades of economic, technological and social change. In reality, no company can offer that certainty. A stock is not a savings account or a government bond. It is ownership in …