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re: Quetion About Buying Stocks For First Time
Posted on 3/21/13 at 7:55 am to Chris Farley
Posted on 3/21/13 at 7:55 am to Chris Farley
And personally the reason I believe in Philip Morris for over 50% of my portfolio isn't only dividend growth plus future performance in emerging markets along with being the best performing stock of all time....it's the fact every dollar they take is in foreign currency and a bad dollar is great for them...one quarter in the past few years sales were stagnant and profit was up 19% on a weak dollar...I believe the dollar will fall into oblivion and PM would be the best blue chip to own for this
1
Posted on 3/21/13 at 8:19 pm to ThaBigFella
I'm not arguing with you over whether or not PM is a good investment or not, I just believe that putting over 50% of your portfolio in ANY single stock is an incredible risk. I would avoid it, and would certainly avoid advising someone else to do it. Especially someone just starting out that doesn't have a clue of what they are doing. To each his own. 
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