MoneySense Magazine Picks 10 Stocks for the Next 10 Years

Recently MoneySense magazine of Canada published the ten best stocks to buy and hold for the next 10 years. The stocks selected are listed below:

• Boeing (BA)
• Cemex (CX)
• eBay (EBAY)
• Fairfax Financial (FFH)
• Leucadia National (LUK)
• JNJ
• Microsoft (MSFT)
• Service Corp. (SCI)
• Transcanada (TRP)
• Wal-Mart (WMT)

Of the ten stocks above, the majority of them are U.S. companies. eBay (EBAY) and Microsoft (MSFT) are tech companies whose glory days are long gone. They are definitely not long-term investment picks. Microsoft would have been a great pick in the late 80s when it went went public. After the dot com bubble collapse, other than a handful of tech outfits such as Apple (APPL), most are out of favor with investors. Microsoft is yet to come up with a quality product after Windows and many of the newer versions have not been successful. They lost the search engine wars and now they are trying hard to beat Google (GOOG) with their Bing search engine. Despite having billions in cash, Microsoft still does not pay a decent dividend. Many investors question the logic behind hoarding huge sums of cash when it can’t be put into use in R&D to develop useful products.