3 Stocks I Hope to Hold Forever
Nothing in life is certain, as the saying by Benjamin Franklin goes, except death and taxes. So, no one should be certain they'll hold a stock forever ... but long-term investors should probably go into every trade with that mindset.
To stay in my portfolio, a company needs to keep living up to my expectations, with some leeway provided for temporary adversity. Three stocks that I own today that I truly hope to own until the day I die are Hormel Foods (NYSE: HRL), Procter & Gamble (NYSE: PG), and W.P. Carey (NYSE: WPC). Here's why I like each one and what I expect from them.
I'll admit it, I like chorizo-flavored SPAM, a variant of one of Hormel's most iconic brands, which kind of gets right to the reason I like the food manufacturer so much. First, it owns 40 brands that are No. 1 or No. 2 in their categories. Second, it's an active brand manager with a heavy focus on innovation. That gets even better when you add in modest leverage (the debt to equity ratio is just 0.04) and a long history of rewarding investors via increasing dividends (53 years straight of dividend increases with a 15% annualized rate of growth over the past decade and a reasonable 45% payout ratio).
Source Fool.com
