5 Buy-and-Hold Stocks You Shouldn't Hold Anymore

Part of the beauty of buy-and-hold investing is its simplicity.

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Part of the beauty of buy-and-hold investing is its simplicity. The market always has occasional pullbacks and crashes, but the long-term trend has always been up. A high-quality company with an extensive track record of success and reasonably priced (or even cheap) shares will go along for the ride, if the investor is patient enough.

But as with every other investing strategy, it doesn’t always work out.

Warren Buffett is one of the greatest buy-and-hold investors of all time. He has held a stake in American Express (AXP (opens in new tab)) for more than half a century, for example, and he says his favorite holding period is "forever." And yet he knows that sometimes an investor needs to cut and run from even the most storied names. Once a major shareholder in Johnson & Johnson (JNJ (opens in new tab)), Buffett's Berkshire Hathaway (BRK.B (opens in new tab)) today holds only a token stake.

Times change and fortunes ebb and flow, but long-term holdings should be able to sail through it all. That used to be true of the names on our list. These famous companies once were titans in their respective industries, but future decades won't be as good to them as the past. Have a look at these former buy-and-hold stocks that are no longer worth buying or holding.

Data is as of Oct. 30, 2017. Companies are listed in alphabetical order. Dividend yields are calculated by annualizing the most recent quarterly payout and dividing by the share price. Analysts' ratings provided by Zacks Investment Research. Click on symbol links in each slide for current share prices and more.

Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.