2 Stocks That Could Create Lasting Generational Wealth
Investors generally aim to build wealth to support them in retirement. However, if you buy the right companies, you can achieve that goal while creating generational wealth. Dividend stocks Coca-Cola (NYSE: KO) and Procter Gamble (NYSE: PG) could be two ways to do that. And they are both reasonably priced, if not a little cheap, right now.
Coca-Cola makes beverages, such as its namesake soda. P makes consumer products like toothpaste and toilet paper. You are not going to stop drinking or cleaning yourself if there is a bear market or a recession. And while both companies tend to offer higher-end products, there is significant brand loyalty in the consumer staples sector. Moreover, the products aren't that expensive on an absolute basis, so they are often viewed as affordable luxuries by consumers. Sure, you could drink tap water, but a Coke isn't likely to break the budget and tastes so much better.
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Source Fool.com
