Long-term investors always seek shares that they can buy at a good price and then hold for years. Given this, we have picked these shares from the UK market, which you can buy and hold for years or even decades.
The first UK share in our list is Game Workshop (GAW), which has made solid progress over the years. In the last 5 years, the share price of Game Workshop has surged by 98%.
Of course, it doesn't mean that Game Workshop will continue to post growth like... But it does tell us a lot about the Game Workshop's business model.
Over the years, Game Workshop has managed to earn a local customer base, which means they can keep selling gaming accessories to them.
Also, the profit margins of the Game Workshop's products are high, which puts them in a good position. Also, the company has managed to open a new revenue stream by licensing its IP rights to others.
The next UK stock in our list is Spirax (SPX), which can be kept for the long term. What's really great about Spirax is not its share price but its overall business.
In the last year, the share price of Spirax has declined by almost 31%. But this also means that Spirax is now available at a discount.
Spirax mostly focuses on B2B, which is why it is not a popular household name in the UK. They have developed many products that are now essential for the operations of any industrial company.
Looking ahead, Spirax faces some risks as the demand for large projects is weak in Korea and China. But, they have been paying dividends for 55 years now and are not new in their field.
With such a solid track record, Spirax is also one of those stocks which should be considered for the long term.