3 Warren Buffett Stocks for Retirees
Warren Buffett is arguably the most revered investor on the planet. Over the course of more than six decades he's turned less than $10,000 into a net worth of nearly $79 billion. What's truly amazing is that he's done this simply by buying high-quality companies and sticking with them over the long run. It's a strategy so simple that even retail investors can profit from it.
With this in mind, we asked three of our own Foolish investors what Warren Buffett-type stocks they'd suggest retirees consider buying. After all, seniors today are living considerably longer than they were 50 years ago. The Warren Buffett stocks our investors suggest you look into include Johnson & Johnson (NYSE: JNJ), Sonoco Products (NYSE: SON), and Phillips 66 (NYSE: PSX).
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Source: Fool.com