Got $1,000? Here Are 2 Stocks to Buy for the Long Term
When investing, the focus should be on the future and what a company can provide going forward. However, it doesn't hurt to look at a company's historical performance to get an idea of its ability to navigate downturns and rough economic times -- both of which are important for long-term sustainability.
With $1,000, I'd invest $500 each into Altria Group (NYSE: MO) and Procter & Gamble (NYSE: PG) to take advantage of their lucrative dividends. Each company has a history of financial stability through tough times, and if their dividend yields remain near current levels, investors can expect a sizable amount of income from these investments.
Altria might not be a household name, but its flagship brand, Marlboro, definitely is. In 2022, Marlboro accounted for 42.5% of U.S. cigarette sales, more than the next largest 11 brands combined.
Source Fool.com
