JNJ - 3 Magnificent Stocks Retirees Can Buy and Hold Forever
2024-07-01 06:50:00 ET
Most retirees prefer low turnover in their investment portfolios. The less drama, the better. That way, they can focus on doing what they enjoy instead of worrying about their investments.
Three Motley Fool contributors think they've found magnificent stocks retirees can buy and hold forever. Here's why they picked AbbVie (NYSE: ABBV) , Gilead Sciences (NASDAQ: GILD) , and Johnson & Johnson (NYSE: JNJ) .
Keith Speights (AbbVie) : There's arguably no group of stocks better suited for retirees than the Dividend Kings . These stocks have increased their dividends for at least 50 consecutive years. AbbVie is a member of dividend royalty thanks to its track record of 52 years in a row of dividend hikes.
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3 Magnificent Stocks Retirees Can Buy and Hold Forever