Long-term investment refers to the practice of buying assets with the intention of holding them for an extended period, typically several years or decades. This strategy aims to benefit from the potential growth in value over time, allowing investors to ride out market fluctuations. Common long-term investments include stocks, bonds, and real estate. Investors often choose long-term investments to build wealth gradually and achieve financial goals, such as retirement or funding education. By focusing on the long-term, individuals can take advantage of compound interest and market appreciation, which can lead to significant returns over time.