With the stock market reaching new highs seemingly every week, it is getting harder to find quality investment candidates. So it's even more important in an expensive market like this to focus on quality businesses that have durable competitive advantages.
In the video below, Fool contributor Demitrios Kalogeropoulos profiles three companies that he thinks fit that bill.
Yes, McDonald's (NYSE: MCD ) , Starbucks (NASDAQ: SBUX ) , and Costco (NASDAQ: COST ) are all valued at close to record highs right now. However, each stock could still make for a great long-term investment from here. Demitrios gives viewers one reason to buy each company, and suggests that investors ease their way into building any position so that they lessen the risk of getting into the stock at a peak level.
The best investing approach is to choose great companies like these and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.