The best long-term stocks are those that compound wealth that could last you for generations.
For this, you need to buy great companies at a reasonable price and hold on to them 'forever'.
Asian Paints is a classic example that embodies the true spirit of a 'Forever Stock'. Had anyone invested Rs 500 in the company when it went public in 1982, the value of the holding would be as much as Rs 10 m today.
To know about more such companies, check out our recommendation service - Forever Stocks.