Whether your retirement is decades away or you’re already enjoying your senior years, the best stocks for your retirement portfolio are the ones you’re confident you’ll still want to own 10 or 20 years down the road. That means you’ll want to choose blue-chip stocks that have a long history of building wealth for investors. Here are three stocks that can buy you a richer retirement.
Target (NYSE: TGT) seems poised to reach Dividend King status next year. With a current yield of 1.55%, it’s raised its dividend for 49 consecutive years. But Target’s dividend isn’t the only reason you should buy and hold this stock forever. Share prices are up 35% year to date thanks in large part to investments made long before the COVID-19 pandemic. Target is a stock you’ll want to own forever because it has both a winning brick-and-mortar and e-commerce strategy.