Matthew, you're a nice guy, I respect your opinion, but I've seen lots of your posts asking for advice on mutual funds. Im a dividend growth investor, its a different type of investor, I dont panic when markets drop as my only goal is boosting dividend income. My risk tolerance is slightly higher than yours bc I own a couple convenience stores so even if my portfolio hit 0 in some SHTF scenario i'd still have income and the ability to rebuild
The reality is my 2 biggest holdings Philip Morris and MO make up probably 70% of my portfolio and not only do they combine to make up the best performing stock of the last 50 years, the fact that the US would have to double income tax to make up lost cigarette tax revenue is reason alone to buy altria, not to mention my intuition they will be producing marijuana before the decade is over....did I mention it pays a 5.2% dividend?
Philip Morris pays a 3.8% yield and is growing even faster with the rising smoking rates all over the world, and since they spun off they face no american legal issues and are actually the best play i can think of to capitalize on a falling US dollar bc they take all income in foreign currencies
Im in the gas station business, and I can tell you cigarettes aren't going anywhere my man, we sell more every month than the month before....trust me the US is bankrupt as could be, cigs are literally helping keep us afloat, google the master settlement
I have confidence in both to make up up 3/4 of my holdings
I dont own 30 businesses in real life, I own 4....so I don't have a need to own 30+ stocks....I own 6 total....diversification is silly to me, buy what you know, buy what you trust, buy what you see first hand....I did all 3 of those things my 6 holdings are
and I use everyone of those businesses everyday, wouldn't invest in anything else. I shop for my stores @ sams(wmt),I sell cigs (mo,pm),one of my stores has a mcdonalds,I sell plenty of coke products, and Kinder morgan moves tons of stuff underground that I sell
This post was edited on 3/23 at 1:06 am