3 Warren Buffett Stocks to Hold Forever
Amazon, Kroger, and Coca-Cola are all great stocks to buy, hold, and forget.
At Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) latest annual meeting on May 3, Warren Buffett announced that he would step down as its CEO at the end of the year. That announcement wasn't surprising, since the celebrated investor will turn 95 in August. Buffett had also previously appointed Greg Abel, the CEO of Berkshire Hathaway Energy, as his successor.
Abel has been with Berkshire for 25 years, but he isn't an acclaimed stock picker like Buffett. He probably won't stray too far from Buffett's playbook of investing in stable and cash-rich businesses, but he also might fail to spot as many good long-term investments.
So instead of waiting to see if Abel can add some new long-term winners to Berkshire's massive portfolio, investors can simply buy three of Buffett's older picks -- Amazon (NASDAQ: AMZN), Kroger (NYSE: KR), and Coca-Cola (NYSE: KO) -- and hold them forever.
