COST - 3 Passive Income Stocks to Hold For the Next 20 Years
Last year's market performance underscores the importance of holding safer, less volatile stocks in a well-diversified portfolio. Investors moved their money into such shares throughout the year as growth stocks plummeted.
But plan A is really having a mix of safe stocks already in your portfolio to shield it during rough times. The right balance of stocks -- each providing a different benefit -- gives you the potential for growth as well as security. This allows you to relax instead of sweating, or worse, panic selling.
Plus, passive income is a perk in any market, but you can see its value more clearly when stock prices are dropping and you still receive your check in the mail. Three stocks that are excellent choices now are Coca-Cola (NYSE: KO) , Williams-Sonoma (NYSE: WSM) , and Costco Wholesale (NASDAQ: COST) .
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3 Passive Income Stocks to Hold For the Next 20 Years