Earlier this month, I told you about a couple that took a $200,000 inheritance they received in 2004 and piled it all into Apple (NASDAQ:AAPL). Needless to say, they now live off that investment while enjoying retirement in a Maui condo.
While dumping all your money into one stock is risky business, the couple’s choice of stock nods to Warren Buffett’s biggest piece of investing wisdom: Pick ones that you can buy and hold forever. Why? Because great companies will last a lifetime and you won’t have to worry about the ups and downs of the market.
With this in mind, we asked our own InvestorPlace writers and contributors to choose their favorite companies for a “set it and forget it” mentality. Again, that doesn’t mean any of these names should be the only one in your portfolio, but that each should be good-to-go for decades to come.
Take a look at the four stocks our experts picked for the long haul: