Good evening,
Warren Buffett is famous for saying that his favorite duration for holding unto a stock is forever. You don’t have to follow the Oracle of Omaha very closely to know that he practices what he preaches. Consumers know his affinity for Apple products – and the company’s stock. They also know he’s a fan of railroad stocks.
But if there’s one company that Buffett may be identified with the most it’s Coca-Cola, a stock that lives in the consumer staples sector. This is a sector where investors will find companies that provide goods and services that are essential to consumers regardless of what is happening in the economy.
The ability for these companies to generate consistent revenue and earnings also means there’s less volatility with these stocks. They’re boring, but that’s not a bad criteria to choose when looking at long-term stocks.
Consumer staples stocks are a great way to invest in companies that provide essential goods and services. These stocks tend to be less volatile than others, making them a good choice for investors who want to minimize risk. Consumer staples stocks are also typically less affected by economic downturns, making them a good choice for long-term investors.
When you consider that many of these stocks pay consistent, and in many cases growing, dividends, investors have an opportunity to get income along with growth, and if they reinvest the dividend to enjoy the benefit of compound growth over time.
In this special presentation, we focus on seven consumer staples stocks that you can buy and hold forever. You don’t have to own all of these stocks, but owning one or two can help shore up the foundation of your portfolio.
View the 7 Consumer Staples Stocks You Can Buy and Hold Forever
Matthew Paulson
MarketBeat
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