Warren Buffett has been known as the Oracle of Omaha. He knows an outstanding stock with a good value and picks it at the right time, and then he holds it forever.
With those facts, you have to wonder which stocks we should pick up and hold forever like Buffett does. Many people will copy his portfolio and watch what he does, but he holds a ton of cash and is always looking for his next acquisition.
When you look at Coca-Cola, you see a brand that is worldwide. Coke has been around for many years, and as a Dividend King, it has increased its dividend year after year for over 50 years.
The current dividend is $1.84. That is about a 3.48% dividend payment from this Dividend King. That is almost in line with some of the best cash rates on the market.
With the fluctuations in the market, it is a great time to grab some Coca-Cola stock, as the price has come down recently. The price has declined 16% in the last six months, making this stock a steal.
Amazon became the leader in e-commerce over many of its competitors, and it continues to grow and diversify its income. Not only does Amazon deal with e-commerce, but it is also the largest cloud computing company in the world.
Inflation and the possibility of a recession have brought about fears in the market recently, but Amazon has positioned itself to create more cash flow and a lasting product.
Apple is another one of Warren Buffett's hold forever stock. Apple happens to be the largest holding in Buffett's portfolio. That means he believes in it so much that he keeps it.