2 Consumer Staples Stocks That Could Make You a Millionaire

Becoming a millionaire isn't something that normally happens overnight. Sure, you could risk it all on one hot stock and hope it works out, or, for a better approach, you could build a diversified portfolio of well-run companies and build your wealth slowly over time. If the latter approach is the one you are taking, consider adding consumer staples giants, like Procter & Gamble (NYSE: PG) and Coca-Cola (NYSE: KO), to your collection of stocks. Here's why.The consumer staples sector is filled with companies that provide consumers with the mundane things they use every day. Think about things like food, beverages, and personal care items. Deodorant and toilet paper are hardly exciting and innovative product categories at this point, but you buy these mature products all the time. In fact, you probably couldn't imagine your life without these products.For anyone that needs a reminder of how important consumer staples products are, think back to the early days of the coronavirus pandemic when people were hoarding toilet paper and it was hard to find many products on grocery store shelves.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool