N@N

The one Australian stock to buy and hold forever in an ASX share portfolio

The article from MSN Money discusses the merits of investing in Commonwealth Bank of Australia (CBA), suggesting it as a stock to buy and hold indefinitely within an ASX share portfolio. It highlights CBA's status as Australia's largest bank by market capitalization, its consistent performance, and its ability to weather economic downturns. The piece points out CBA's strong financial health, evidenced by its high return on equity, solid profit margins, and a history of paying reliable dividends. Furthermore, the article notes CBA's strategic positioning in the digital banking era, its robust risk management, and its potential for growth through both organic means and acquisitions. Despite potential economic challenges, the article argues that CBA's established market position, customer base, and operational efficiency make it a compelling choice for long-term investment.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/the-one-australian-stock-to-buy-and-hold-forever-in-an-asx-share-portfolio/ar-AA1xXoK7 ]