3 Stocks That Could Create Lasting Generational Wealth

If you are trying to create generational wealth through your investments, you should probably try to find boring and reliable companies. Look for businesses that have proven they can keep chugging along through good times and bad, since life always gives you both.

On that score, Procter Gamble (NYSE: PG), Coca-Cola (NYSE: KO), and Hormel Foods (NYSE: HRL) all have 50 or more annual dividend increases behind them. Here's why you might want to own all three for the long term.

With a market cap of $155 billion and an investment grade rated balance sheet, Procter Gamble, or P as it is also known, is both large and financially strong. That's important because it gives the company the foundation it needs to invest heavily in research and development. The company's consumer staples products are largely found at the higher end of the market. It wants to ensure that its toilet paper, toothpaste, and laundry detergent, among other things, offer enough value to justify their high prices.

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Source Fool.com