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Best long-term stocks
Posted on 3/1/15 at 8:24 pm
Posted on 3/1/15 at 8:24 pm
If I wanted to dump $1,000 into a few stocks at one time then automatically invest $100 monthly into them, hold them for 40 years, which stocks would I want to do this with?
I'm stuck on Apple and Disney but I'm having a brainfart right now - what others am I missing? I know there are other huge heavyweights that aren't going away.
I'm stuck on Apple and Disney but I'm having a brainfart right now - what others am I missing? I know there are other huge heavyweights that aren't going away.
This post was edited on 3/1/15 at 8:25 pm
Posted on 3/1/15 at 8:36 pm to TDsngumbo
40 years seems like a long time to ride it out with a single company. Investing in an ETF or mutual fund instead would give you some built-in diversification.
Posted on 3/1/15 at 8:39 pm to TDsngumbo
There are a bunch, but I personally like Visa. I've mentioned this in other threads. We're moving to a cashless society. Also, Visa is tied into Apple Pay. Today was the first time I used Apple Pay and it was really nice. No more whipping out credit cards, just put your iphone6 (and future Apple phones) near the little credit card machine you would normally swipe with and the payment is done electronically.
Only 20% of the world uses credit cards, so there is massive growth potential for Visa.
Dow stock and three weeks away from a 4:1 stock split.
Only 20% of the world uses credit cards, so there is massive growth potential for Visa.
Dow stock and three weeks away from a 4:1 stock split.
This post was edited on 3/1/15 at 8:40 pm
Posted on 3/1/15 at 8:41 pm to TDsngumbo
Also, do not spread out the $1,000 into a bunch of companies. If a transaction cost $10 a pop, you don't want to waste too much money just on buying the stock. For every $10 your spend on buying a stock that's $10 you need the stock to grow just to break even.
So you're better off accumulating your monthly $100 into several months, simply because of the fees. If you invest $100, you're already down 10% because of the transaction fee.
So you're better off accumulating your monthly $100 into several months, simply because of the fees. If you invest $100, you're already down 10% because of the transaction fee.
Posted on 3/1/15 at 8:46 pm to TDsngumbo
also, many financial companies like Charles schwab, fidelity, vanguard, etc have commission free etfs you can buy which helps.
I have schwab and they have the most commission free etfs I think. SCHG is a large cap growth fund that has been doing well.
I have schwab and they have the most commission free etfs I think. SCHG is a large cap growth fund that has been doing well.
Posted on 3/1/15 at 8:51 pm to TDsngumbo
if you are only starting with 1K, in addition to looking at ETFs/Indexing; look at Tri-Continental Corp,TY. Closed-end fund that is a basket of large cap stocks that was launched in 1929 and has been paying dividends for 70+ years.
Nothing sexy but definitely a set it and forget for long term time frame.
Nothing sexy but definitely a set it and forget for long term time frame.
This post was edited on 3/1/15 at 8:53 pm
Posted on 3/1/15 at 8:52 pm to whodatigahbait
Thanks everyone! Keep the tips coming!
Posted on 3/1/15 at 9:09 pm to TDsngumbo
Also, with schwab and most other financial companies you to set your funds to automatically reinvest the dividends so you can make earnings off your earnings.
Posted on 3/1/15 at 9:52 pm to TDsngumbo
I like UPS. Got in at $98 after they got hammered for mediocre 4th quarter earnings.
Posted on 3/1/15 at 10:08 pm to TDsngumbo
If you want to do individual stocks, as opposed to ETF's, you should consider buying direct through a transfer agent like Computershare.com. You can also set up your dividend reinvestment and the auto monthly draft to dollar cost average your position. It is really a great way to get started with minimal capital as you can purchase fractions of shares, basically limiting your dollar amount to as little as $50 on some programs.
I personally have positions in XOM, CVX and CAT with them.
I personally have positions in XOM, CVX and CAT with them.
Posted on 3/1/15 at 10:50 pm to TDsngumbo
With the money you have, I'd look at some lower-priced dividend paying stocks. Apple is $130/share. I like GE at about $25.
Posted on 7/23/15 at 7:05 pm to LSUneaux
quote:
Best long-term stocks
There are a bunch, but I personally like Visa. I've mentioned this in other threads. We're moving to a cashless society. Also, Visa is tied into Apple Pay. Today was the first time I used Apple Pay and it was really nice. No more whipping out credit cards, just put your iphone6 (and future Apple phones) near the little credit card machine you would normally swipe with and the payment is done electronically.
Only 20% of the world uses credit cards, so there is massive growth potential for Visa.
Dow stock and three weeks away from a 4:1 stock split.
Ho hum, just another day at NYSE: V
Posted on 7/23/15 at 8:50 pm to TxTiger82
quote:
40 years seems like a long time to ride it out with a single company. Investing in an ETF or mutual fund instead would give you some built-in diversification
I couldn't agree more. There's nothing wrong with thinking long term. But 40 years is a generation +. Look at the mighty companies that have either failed or faltered in the past forty years or so. With a mutual fund, he could (almost) adopt a "set it & forget it" mentality. You can't do that with any stock. I've owned AAPL for almost 15 years. And I consider it to be a long term, core holding. But I'll throw Tim Cook out of a moving car without hesitation, if I think he's guiding the company toward an iceberg. I won't lose any sleep if I have to sell it. I've seen that several people here have emotional attachments to various companies and/or stocks. That's the surest way to hang around too long and go down with the ship.
Pick a couple of consumer staples, or something like that. But as you said, I'd devote most of it to a DCA mutual fund strategy since he's looking out that far.
This post was edited on 7/23/15 at 8:52 pm
Posted on 7/24/15 at 11:09 am to TDsngumbo
Being a noob myself, I started out with Loyal3 and Robinhood fee-free accounts. I'm happy with both of them. I've got a few shares each of Apple, Microsoft, Pepsico, Kraft, Walt Disney, Hasbro, Nike, Coke, Intel and VF all have started to buy new stocks b/c of the dividend reinvesting and adding just a few dollars each month to each one.
I've also got a couple of fee-free Fidelity ETFs, HYG, EWJ and HDV am doing okay with them.
I've also got a WiseBanyan fee-free account that I'm not overly joyed with but still have some money making more money in it so can't complain too loudly.
I just opened a MotifInvesting account so I'll post later on how/if I get it started, it has low fees. If anyone else wants to tell me about this service, positive or negative, please do.
And yes, all of this was set up starting with $1000ish and adding to it each month. I've lost some but made more so can proudly say that I'm ahead, for now. Do not get discouraged, keep adding to it, I've watched my money grow b/c of all of the MB advice here and it makes me want more, to save more, and it frustrates me to think back on all the money that I blew on stupid stuff.
Take it for what its worth, I'm still a noob like you and I didn't mean to be so long or to hijack your thread, just wanted to share my excitement and how I'm doing it. Hope it helps some. Good luck to you.
I've also got a couple of fee-free Fidelity ETFs, HYG, EWJ and HDV am doing okay with them.
I've also got a WiseBanyan fee-free account that I'm not overly joyed with but still have some money making more money in it so can't complain too loudly.
I just opened a MotifInvesting account so I'll post later on how/if I get it started, it has low fees. If anyone else wants to tell me about this service, positive or negative, please do.
And yes, all of this was set up starting with $1000ish and adding to it each month. I've lost some but made more so can proudly say that I'm ahead, for now. Do not get discouraged, keep adding to it, I've watched my money grow b/c of all of the MB advice here and it makes me want more, to save more, and it frustrates me to think back on all the money that I blew on stupid stuff.
Take it for what its worth, I'm still a noob like you and I didn't mean to be so long or to hijack your thread, just wanted to share my excitement and how I'm doing it. Hope it helps some. Good luck to you.
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