There is no stock that you can simply forgot for all of 5 years. While checking them often (even once in 5 days) is also not a great idea, you must have a review process in place. Atleast once every 6\u201312 months is a good enough review cadence.<\/p>\n\n\n\n
The best stocks that can best meet the criteria above would be large cap stocks with established track record, but it is unlikely they will give 20% year on year returns for 5 consecutive years.<\/p>\n\n\n\n
If growth is a major pre requisite, then go for a smaller company that you are very familiar with (know the management, or use their product regularly) so that tracking its performance becomes implicit and easy.<\/p>\n\n\n\n
A better option is to go for a mutual fund portfolio that is a combination of large, midcap or multi cap based on your risk preference. Do invest only in Direct Plans of mutual funds as you gain upto an extra 1.5% by eliminating broker commissions.<\/p>\n\n\n\n\n
Maxiom Wealth \u2014 Free Tool<\/p>\n
Two funds with similar star ratings can deliver very different outcomes. Use our fund comparison tool to check if you’re in the right scheme for your risk profile and investment horizon.<\/p>\n Compare Funds \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":" There is no stock that you can simply forgot for all of 5 years. While checking them often (even once in 5 days) is also not a great idea, you must have a review process in place. Atleast once every 6\u201312 months is a good enough review cadence. The best stocks that can best meet… Read More »Are there any stocks which I can buy and forget for at least 5 years and generate good wealth, maybe 20% CAGR?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[223,87],"tags":[],"class_list":["post-1386","post","type-post","status-publish","format-standard","hentry","category-stock-picking-stocks","category-stocks"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1386"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1386\/revisions"}],"predecessor-version":[{"id":3533,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1386\/revisions\/3533"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}