Warren Buffett has said that his "favorite holding period is forever," and I generally invest with that same philosophy in mind. I don’t think I’ll keep each and every stock I own forever — after all, there are plenty of valid reasons to sell stocks, and there’s no way of knowing how a company or its industry will change in the future.
Having said that, here are three stocks in my portfolio that I couldn’t see myself selling anytime soon.
Top Dividend Stocks To Invest In 2019: Nabors Industries Ltd.(NBR)
Nabors Industries Ltd. (NYSE:NBR) shares look ready to lift up and out of a bowl-shaped consolidation range going back to the summer of 2017. It also involved a reset of the early 2016 lows near $5.50, setting up a solid base of support with which to rise out of. The oil and gas services provider is well placed to profit from the surge of U.S. output.
The company will next report results on Aug. 1 after the close. Analysts are looking for a loss of 23 cents per share on revenues of $757.2 million.
When the company last reported on May 1, a loss of 44 cents per share misses estimates by 15 cents on a 30.4% rise in revenues.
Top Dividend Stocks To Invest In 2019: Summit State Bank(SSBI)
Summit State Bank (NASDAQ:SSBI) is a small commercial bank headquartered in Santa Rosa, CA, which is just north of Silicon Valley and San Francisco.
When the economy starts to expand, it creates more opportunities for entrepreneurs to strike out on their own. And there are few sectors where this trend is more reliable than tech.
As a bank focused on getting involved in small and medium-sized businesses, SSBI should see a lot of business in coming quarters. Already this year, SSBI stock is up more than 20% and it’s still delivering a 3.1% dividend on top of that.
And as rates rise, that gives SSBI more ability to generate higher profits between what it borrows at and what it lends at.
Top Dividend Stocks To Invest In 2019: Berkshire Hathaway Inc.(BRK.B)
I get dizzy thinking about being locked into a single investment — any investment — for a decade, let alone half a century! Typewriter companies, for example, sure looked like stable long-term investments in the 1970s. That’s why, over the long term, there’s safety in diversity: Being invested in a wide variety of industries ensures that one small disruption (for typewriter companies, the PC) doesn’t sink your entire portfolio.
Luckily for investors, it doesn’t get more diverse than Warren Buffett’s Berkshire Hathaway, which has holdings in industries as diverse as insurance (GEICO), railroads (Burlington Northern Santa Fe), and food (Dairy Queen, See’s Candies), and many, many more, across a wide variety of industries. That makes the company just about the safest opportunity I can think of for an investor who intends to check his or her portfolio only occasionally.
Perhaps the company’s greatest asset is its founder, the famed "Oracle of Omaha," 87-year-old Warren Buffett himself. And while he’s unlikely to continue running the company for another 50 years — although, frankly, I wouldn’t put it past him — he has left his stamp on the company, whose current holdings and asset management strategy will certainly endure without him. After all, his is a strategy that’s produced returns that beat the market — if only slightly — over the past one-, three-, five-, and 10-year periods. Why not 50?