8 Best Buffett Stocks for Retirement

I am quoted in Kiplinger’s “8 Best Buffett Stocks for Retirement”.

(1) Apple (AAPL):

David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business who studies Buffett and is a Berkshire shareholder, notes that customer devotion to Apple products and services almost serve as an annuity. “Apple may be viewed as a ‘subscription model’ with a loyal customer base very likely to purchase future products and services,” Kass says.

(2) Bank of America (BAC):

“This is a very well run bank that should benefit as interest rates rise in the near future,” says Kass. 

(3) Berkshire Hathaway (BRK.A)

“I would recommend Berkshire Hathaway as the best retirement stock of all,” Kass says. “Its stock represents ownership of over 90 companies across numerous industries along with a diversified portfolio of stocks.” True, Buffett and partner Charlie Munger are getting up there in age –87 and 93, respectively – but the company boasts what Kass calls a superior management team. No successor has been named publicly, but Todd Combs and Ted Weschler are Buffett’s chief stock-picking lieutenants. Each already manages more than $10 billion worth of Berkshire’s investments. Either Combs or Weschler (or possibly both) are thought to be behind the lucrative move into Apple stock.

(4) Kraft Heinz (KHC)

“Warren Buffett considers 3G Capital to be the best operating managers in the world,” says Kass. “They are likely in the future to partner with Berkshire in the acquisition of other food companies.”