Own Roku and Alphabet Stocks? Here’s Why You Should Keep Them

When anyone buys a stock, they should do it with the objective of holding it at least for a couple of years.

Investors worth their salt will also say that selling a few outliers along the way is necessary, especially when you need the money. This is why you need to get to know these companies well as time goes by, and you need to make the right call if the time comes.

However, there are some stocks that one does not sell. Let’s take a look at Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) and Roku (NASDAQ:ROKU) and why you should probably keep them until the end of time.

They both have key similar attributes

Both companies have adapted to the times. They are able to penetrate new markets by changing the shape of their business and products.

At the same time, their constant aim for growth on a larger scale can be seen in their financials. Roku’s revenue came at an annual growth of 41%, while Google parent Alphabet’s turned 26% of its revenue for 2021 into free cash flow.

They do have their unfavorable qualities (i.e., Alphabet’s stock is on the expensive end while Roku’s stock fell 55% in the last six months), so many investors are avoiding them because they want to wait for some level of stability.

The Long-Term Mindset

Alphabet

While the stock’s performance is a point of concern, Alphabet is set to continue to grow as a technology conglomerate with at least a few decades left of prospects. Even if Android phones or the Google search engine are no longer a thing in the future, we will still be using Alphabet products and services.

Roku

Considering how adaptable the company has been to the market, it is highly probable that Roku may move on from showcasing content from other companies to begin producing its own content to compete with other entertainment behemoths like Netflix.

What’s Next For Them?

Both businesses have an open-minded attitude that will allow them to stay relevant and thrive even during difficult market times. Regardless of the challenges on the way to growth, Alphabet and Roku have been flexible enough to pivot and weave strategies to tackle them.

In our opinion, Alphabet and Roku are two stocks that one might hold for decades at a time to benefit the most out of their growth. Investors with a long-term mindset should consider doing their research on them and adding them to their portfolio if it fits their bill on what a rock-solid investment should be.