3 Stocks to Buy and Hold for Decades

3 Stocks to Buy and Hold for Decades

There are a few specific characteristics to look for if you want stocks that you could hold for decades. For example, you want companies with a strong track record of success, bulletproof balance sheets, and a sustainable competitive advantage. While it's not possible to say with 100% certainty that any stock will be a great investment for decades, here's why our contributors think Hormel Foods (NYSE: HRL), Anheuser-Busch InBev (NYSE: BUD), and Digital Realty Trust (NYSE: DLR) all have the makings of "forever stocks."

Reuben Gregg Brewer (Hormel Foods Corp.): In late November, Hormel announced its 52nd annual dividend increase, upping the yearly payout by 10%. That's reason No. 1 to buy and hold Hormel for decades.   

Image source: Getty Images.

Continue reading

Source: Fool.com