4 penny stocks I’d buy to hold for 7 years!

I do not have an unlimited amount of money to spend on UK shares. But here are the top four stocks I would buy for my Stocks & Shares ISA if I had the money to invest.

I think we can produce amazing results until the end of the decade, maybe even longer.

Gold Chaarat

Gold deposit like Gold Chaarat which is famously sensitive to movements in bullion prices. This means that profits at these companies may suffer in the near term as the Federal Reserve continues to raise interest rates. Rate rises boost the US dollar and make it more expensive to buy gold.

But I still think gold stocks are an attractive asset to own. The yellow metal is one of the world’s safe commodities. So when there is a sudden economic shock, these businesses can help investors to protect their wealth.

I really like Chaarat because of its strong production record. Output at the Kapan mine in Armenia reached a better-than-expected 63,000 ounces in 2022. The company also has exciting development assets in Kyrgyzstan.

Eco Animal Health

The market for animal medicines is poised to grow strongly in the coming years. The amount spent on livestock is increasing, while the increase in meat consumption increases the demand for livestock care.

This is why I think about investing Eco Animal Health. This business specializes in providing medical products for animal feed. And it has operations in Latin America and Asia, where meat consumption increases particularly strongly.

The ongoing Covid-19 crisis in China poses a significant risk to rapid gains. Small capitalization companies provide a significant proportion of the country’s profits. But I believe Eco Animal Health is still an attractive buy for long-term investors.

DP Poland

Weak consumer spending and higher cost inflation remain risks DP Poland. But I believe the business remains a stock to buy as demand for food delivery increases.

The business is the master franchisee of the Domino’s Pizza brand in Poland. And sales and earnings remain steady in 2022 despite headwinds. Revenues seem to have increased by 21% last year when “luck remains in a positive trend over the last six months” he said last month.

I am also encouraged by the expansion of DP Poland to Croatia last June. Takeaway demand here is also forecast to increase as personal income levels rise.

Nexus Infrastructure

Housing activity should increase over the next decade. The government has set a target of 300,000 new homes per year to meet the needs of the growing population. This gives a great opportunity to Nexus Infrastructure to supercharge profits.

Penny stocks build infrastructure like roads and sewers in housing projects. Other services include digging foundations, creating basements, and providing reinforced concrete structures. This broad expertise makes it a popular choice with construction companies, which also helps increase income.

I would buy Nexus Infrastructure shares even though earnings may suffer in the near term as the housing market cools.