When building a retirement portfolio, we all want investments that can stand the test of time. The ideal stocks to hold the long-haul deliver stable returns while providing regular income via dividends. As our portfolios grow over the decades, these dividends can compound into an exponential source of passive income. Of course, we also need stocks sturdy enough to weather any storms the market may bring.
In my experience, the keys to identifying retirement portfolio anchors are finding companies with essential products and services, loyal customer bases, and strong balance sheets. Businesses like these are poised to keep generating profits across the ups and downs of economic cycles. As a bonus, look for stocks with a history of raising their dividend payments year after year. Here are seven such stocks I think fit most investors’ retirement portfolios right now.
This post appeared first on InvestorPlace.