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Considering 10 years ago Barack Obama had just been inaugurated and the iPhone was still newly released, predicting what the market will look like in 10 years time is no easy feat.
But market analysts and fund managers face this on a daily basis.
Appearing on Trading Day, Henry Jennings of Marcus Today and equity Julia Lee of Bell Direct were asked to mull over the three stocks they would buy and hold for a decade.
With global volatility expected to span the next 12 months and possibly beyond, Jennings and Lee both suggested blue-chip ‘value’ stocks.
Jennings picks two conservative value stocks: CSL Limited (CSL) and Macquarie Group (MQG) and a riskier stock with potential for growth, Afterpay (APT).
“[Macquarie have] proved over the years to be very resilient to both the downturns and volatility… and it’s also got a relatively good yield as well,” said Jennings.
And on Afterpay, it “divides analysts… because it could either be massively massive in 10 years time or absolutely zero in 10 years’ time.”
Lee agrees with Jennings’ stock picks but picks multinational miner BHP Billiton to replace Afterpay as a safer choice.
- BHP Billiton (BHP)
- Macquarie Group (MQG)
- CSL Limited (CSL)
- Afterpay (APT)
Watch the segment in the video above.