Over the past century, buying and holding dividend growth stocks has been one of the most reliable ways to build wealth.
But it’s important to be nimble with your investments, to question old assumptions, and to be well-positioned for the future. Buy-and-hold investing means maintaining a low portfolio turnover rate, but doesn’t mean you can’t rotate away from dying industries when the writing is on the wall.
The Coca Cola Company (NYSE: KO), once one of the bluest of blue chip stocks, faces a far more uncertain future than it has experienced in any time in history. They’re a $200 billion company that essentially sells sugar water, and sugar is the new tobacco.