Insider Monkey’s article on The 10 Safe Stocks to Invest in for the Long Term is a must-read for investors that have the future in mind. The unstable prices of many tech-related stocks have forced investors to seek out safe havens such as bonds and commodities. These are usually stable companies with steady growth and a track record of paying out regular dividends. For example, Warren Buffett, who is one of the world’s leading investors, has grown his business empire by building his stocks in safe, high-quality companies. Some factors investors should consider when choosing safe stocks include steady growth, low volatility, and no cyclicality.
Having said that, how does one find safe stocks? Since tech stocks usually increase their share value by reinvesting their dividends, it is difficult to find safe stocks that offer a steady income. The industry has been through a rough patch in the last decade, with its reputation tarnished by the unhedged returns of the market. With this context in mind, Insider Monkey’s analysis starts with Costco Wholesale, a membership-only warehouse store chain that offers a variety of goods and services. It has stores in the US, Puerto Rico, Canada, and many other countries. Followed by Verizon Communications Inc., a telecommunications company that provides a variety of products and services to its customers. On the list also is American International Group, Inc., which is a leading insurance company that furnishes its customers with a variety of products and services. With a market cap of over $40.9 billion and annual revenue of more than $43 billion, it has been one of the world’s largest insurance companies for decades. General Electric Company is a multinational company that offers a variety of products and services in various industries. Its divisions include aviation, healthcare, electronics, and power. Starbucks is a US-based company that is known for its coffee stores. It is also known for developing various food products and beverages. Read up the other companies on this list from Insider Monkey’s article on 10 Safe Stocks to Invest in for Long Term.
