Warren Buffett has said the best time to sell is never, and though he often doesn't follow his own rules -- as the recent sale of all the airline stocks in his portfolio attests -- it remains a good guide for investors nonetheless. Finding good companies to invest in at the beginning means we can hold onto them for a lifetime, despite the headwinds they might encounter from time to time. The three stocks below are good candidates for the portion of your portfolio you can buy now and hold onto forever.
Two factors have typically informed an investor's decision to buy pharmaceutical giant AbbVie (NYSE:ABBV): its healthy dividend and its arthritis treatment Humira, one of the best-selling drugs of the past two decades. 3M (NYSE:MMM) gained a lot of national and global prominence during the COVID-19 pandemic because of its production of N95 masks and respirators that were essential protective equipment for healthcare and other front-line workers. During the coronavirus outbreak, food service leader Sysco (NYSE:SYY) learned it had a blind spot in its business: Its laser-like focus on restaurants, educational institutions, and hospitality businesses meant it was at risk if all of those businesses were simultaneously shutdown.
Source: Motley Fool
Related Articles:
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- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
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- 3 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
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