2 of the Best Stocks to Play the Long Game Today

Hang on to Rogers Communications (TSX:RCI.B) and another stock for decades at a time.

| More on:
A worker uses a double monitor computer screen in an office.

Source: Getty Images

Canadian (and U.S.) stocks are off to a great start this December, with the TSX Index surging more than 1% last Friday, the first trading day of the month. Indeed, the TSX Index, now up over 9% from October 2023 lows, seems to be a freight train rolling into the holidays, one that may prove quite difficult to stop in its tracks. Indeed, things were quite bleak, even hopeless, just over a month ago!

This goes to show how quick sentiment can turn and the dangers of buying into what everybody else on Bay Street is buying into. Sometimes, it doesn’t even take any positive news to provide immense relief to the broader basket of stocks. Once again, new investors should be all about maximizing time in the market, not timing the market.

Timing the market (riding the ups and avoiding the dips) sounds good on paper, but in practice, it’s really not practical to do on a consistent basis. Odds are, the negativity from the talking heads will keep you sidelines when it’s a stellar time to buy (like mid- to late October), even if you don’t intend on such negative commentary influencing your decisions! It’s far better to invest for the long term, with less regard for near-term fluctuations.

Without further ado, let’s check out two intriguing stocks for investors looking to play the really long game!

Rogers Communications

Rogers Communications (TSX:RCI.B) is a telecom titan that income seekers shouldn’t sleep on right now. The stock is recovering from its multi-year slump, and it’s this recovery that could help it gain ground over some of its bigger brothers in the telecom space.

The 3.42% dividend yield looks robust and ready to grow, as Rogers continues to manage through a period of economic headwinds. Of course, lower rates are welcomed by many firms, Rogers included. Whether low rates are in the cards over the coming months remains to be seen.

Regardless, Rogers certainly stands out as a telecom winner for those looking to invest over the next +10 years.

Created with Highcharts 11.4.3Rogers Communications PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Berkshire Hathaway

In some sad news, the legendary Berkshire Hathaway (NYSE:BRK.B) vice chair Charlie Munger passed away late last month. And while Berkshire lost an investment legend and irreplaceable business partner, I still think the company will do its best to continue operating according to the values of Warren Buffett’s right-hand man (and, of course, the Oracle of Omaha himself). In that regard, Berkshire stock still stands out as the same great core holding for investors (Canadian or American) that it’s always been.

Undoubtedly, Berkshire’s cash hoard has continued to swell in recent quarters. Though it would have been nice to have Charlie chime in on the company’s next big elephant-sized deal, Berkshire seems to be in no rush to make a deal happen if there’s not the right amount of value to be had.

As investors, we’ll all miss Charlie. And for the market newcomers, I’d encourage you to learn more about the man and his invaluable contributions to the self-guided investment community, for they will live on.

At the end of the day, Berkshire plays the long game, even when other firms struggle to. And its cash cushion is a major plus in a time of great uncertainty. With a potential recession around the corner and uncertainty on where rates head next, having cash is only prudent. In due time, the company will be able to put a good chunk of the cash to work. But until a perfect pitch is thrown its way, don’t count on Berkshire to swing.

Created with Highcharts 11.4.3Berkshire Hathaway PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Should you invest $1,000 in Berkshire Hathaway right now?

Before you buy stock in Berkshire Hathaway, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Berkshire Hathaway wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,345.77!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

See the Top Stocks * Returns as of 4/21/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Joey Frenette has positions in Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway and Rogers Communications. The Motley Fool has a disclosure policy.

More on Investing

Canadian Dollars bills
Tech Stocks

The Smartest Under $10 Stock to Buy With $2,300 Right Now

Blackberry stock remains undervalued as it's not reflecting the company's strong position in the rapidly growing connected car industry.

Read more »

Muscles Drawn On Black board
Dividend Stocks

Where Will Power Corporation Be in 5 Years?

Here's how Power Corporation of Canada (TSX:POW) stock could generate double-digit returns and outperform financial sector peers in five years...

Read more »

view of skyscapers from below
Dividend Stocks

Where I’d Invest $5,500 in the TSX Today

Seeking to invest $5,500 in the TSX? Here’s a look at two stellar picks that can provide decades of growth…

Read more »

shopper buys items in bulk
Dividend Stocks

The Smartest Consumer Defensive Stock to Buy With $2,700 Right Now

Here's why Loblaw (TSX:L) is among the best consumer defensive stocks investors can consider in this increasingly uncertain environment.

Read more »

Forklift in a warehouse
Dividend Stocks

How I’d Build a $250 Monthly Income Stream With $14,000

The trick to earning $250+/month is reinvesting dividends and adding to your portfolio over time.

Read more »

Piggy bank with word TFSA for tax-free savings accounts.
Stocks for Beginners

How I’d Secure My Financial Future With a $7,000 TFSA Investment

You can secure your financial future by holding these three TSX compounders in your TFSA long term. Here's what to…

Read more »

Dog smiles with a big gold necklace
Metals and Mining Stocks

The Smartest Materials Stock to Buy With $3,700 Right Now

A top-tier gold miner with a strong foundation for growth is the smartest materials stock to buy today.

Read more »

A red umbrella stands higher than a crowd of black umbrellas.
Dividend Stocks

The Top Canadian Stocks to Buy Immediately With $4,000

Insurance stocks are some of the strongest options, because we all need to pay it! And these three look top…

Read more »