The first thing that I ask myself when looking for stocks that I could hold in my portfolio forever is "Will this business be around in 50 years?" For example, people will need safe places to store their wealth, reliable ways to get around, and access to healthcare.
Once it has been established that the industry will endure the test of time, there are a few other attributes to look for in a "forever stock." Financial strength, growing revenue, and a shareholder-friendly capital return policy are a few examples. With these things in mind, here are three stocks that you could buy and hold for decades to come.
These stocks could build wealth in your portfolio until your retirement and beyond. Image source: Getty Images.
Source: Fool.com