5 Best Long-term Stocks to Buy Now

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1. Bank of America (NYSE: BAC)

Self-made billionaire Warren Buffett is the largest shareholder of Bank of America (NYSE: BAC). The investment accounts for 10.65% of the portfolio. Buffett’s investment holding Berkshire Hathaway first created a position in Bank of America in 2011 in a deal to buy preferred shares valued at $5 billion. 

Berkshire has increased its stake in Bank of America by 9% in the latest quarter. The shares of the second-largest US bank remained under pressure throughout this year amid a near-zero interest rate environment and massive credit losses due to pandemic. Berkshire Hathaway currently holds 1.01 billion shares of Bank of America valued above $24 billion.

Please also see: 10 Best Chinese Stocks To Buy Now and 10 Best Value Stocks To Buy Now According To Seth Klarman

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