If you are a long-term investor like me, you will always be on the lookout for stocks that look promising and can generate passive income for you. While you may not be solely focused on dividend stocks , it doesn’t hurt to look for stocks that generate a steady income. I’ve identified three boring, but solid, stocks to buy which are ideal for long-term investors who do not want to take risks.
These companies are some of the best in the industry, known for their global presence, stable fundamentals and ability to generate passive income. Rebalance your portfolio with these three stocks and take home steady gains. They are low-risk, steady-income generators and highly reliable stocks to bet on.
With that in mind, let’s take a look at these boring but beautiful stocks to buy. Coca-Cola (KO) Beverage giant Coca-Cola (NYSE: KO ) may seem like a boring stock to many, but it is an ideal low-risk, steady return stock. The company has a global presence with an umbrella of over 200 brands.
It has nailed a business structure where the operating costs remain low while the revenue steadily grows. KO stock doesn’t easily gather attention but it is one of the most dependable stocks. Up 7% year-to-date, the stock is exchanging hands for $64.
With a heavily diversified business, Coca-Cola ensures that the sales do not heavily depend on a single brand or item. The profitable business enjoys strong free cash flow which allows the management to reward shareholders regularly. The dividend.