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Guide To Beginning A Portfolio of Blue Chips
Posted on 12/2/13 at 4:55 pm
Posted on 12/2/13 at 4:55 pm
I am looking to the board for assisting me and hopefully others with starting a portfolio invested solely in blue chip stocks. Some questions that I have, and others are welcome to ask more:
When building a portfolio of blue chips, what are some of the factors that play into what you are buying?
How many stocks do you prefer to own in your portfolio?
What are some of the goals for your portfolio? (such as retirement, home, kid's tuition)
How often do you invest into your portfolio?
When building a portfolio of blue chips, what are some of the factors that play into what you are buying?
How many stocks do you prefer to own in your portfolio?
What are some of the goals for your portfolio? (such as retirement, home, kid's tuition)
How often do you invest into your portfolio?
3
Posted on 12/2/13 at 6:23 pm to RickAstley
I'd just buy and index fund, personally.
Posted on 12/2/13 at 7:53 pm to BigBoyTiger
quote:
I'd just buy and index fund, personally.
Agree with this. Index funds have most of the blue chips that you're looking for all in one package.
Posted on 12/2/13 at 8:31 pm to dlmast87
Was going to suggest but.... I know some people like to buy individual 
Posted on 12/2/13 at 8:48 pm to BigBoyTiger
I am invested in index funds in my 401(k) and Roth IRA. I am speaking towards a taxable account that one may use for long-term, goal-driven investing.
Posted on 12/2/13 at 10:42 pm to RickAstley
Individual stocks I've bought over the last thirty years and still buy some of them.
Exxon- was given a few shares and just kept on buying.
Monsanto
McDonalds
Apple-same, was given ten shares a long time ago and just kept on buying for awhile. Haven't for several years but it's a cool little stash.
Sysco Systems
Hewlett Packard and IBM.
Ethyl-Now Albermarle
Monsanto and Exxon I've bought substantial chunks over the years.
I have regular and Roth IRA's in Index funds, residential, commercial and agriculture real estate.
I save as much as possible, no debt and I'm still scared it won't be enough.
Exxon- was given a few shares and just kept on buying.
Monsanto
McDonalds
Apple-same, was given ten shares a long time ago and just kept on buying for awhile. Haven't for several years but it's a cool little stash.
Sysco Systems
Hewlett Packard and IBM.
Ethyl-Now Albermarle
Monsanto and Exxon I've bought substantial chunks over the years.
I have regular and Roth IRA's in Index funds, residential, commercial and agriculture real estate.
I save as much as possible, no debt and I'm still scared it won't be enough.
Posted on 12/3/13 at 12:25 am to Martini
Take a look at the Dow 30. What do you know about any of the companies? I still have Walmart, Home Depot, and General Electric. Bank of America was just removed from the Dow, and I sold Disney to buy Southwest. I sold Merck to buy a Fidelity Health fund that is up 50% this year.
Do research and check out if analysts' recommendations. Look at dividends (or not).
Then take a look at the top 100 of the S&P, etc.
But, I would also agreed with the other posters and say look for mutual funds of the blue chip dividend payers.
Do research and check out if analysts' recommendations. Look at dividends (or not).
Then take a look at the top 100 of the S&P, etc.
But, I would also agreed with the other posters and say look for mutual funds of the blue chip dividend payers.
Posted on 12/3/13 at 8:47 am to matthew25
quote:
Look at dividends (or not).
Do you have a preference in where you keep a dividend paying fund? Is it better served to have one in a taxable account or a retirement account? Thanks for your insight on the matter regarding where to begin studying blue chips
Posted on 12/3/13 at 8:52 am to Martini
quote:
Exxon- was given a few shares and just kept on buying.
Monsanto
McDonalds
Apple-same, was given ten shares a long time ago and just kept on buying for awhile. Haven't for several years but it's a cool little stash.
Thanks, did your portfolio begin from gifts?
quote:
I save as much as possible, no debt and I'm still scared it won't be enough.
I simply want to give myself the peace of mind of retiring at a certain age rather than seeing my retirement get pushed back year after year.
Posted on 12/3/13 at 9:05 am to jimbeam
quote:
Was going to suggest but.... I know some people like to buy individual
There are ETFs and index funds that also allow for DRIP - I'm just old school - I want to buy a company, not a slice of the market. Now, having said that, my retirement fund is all in index funds - so my additional investing is targeted towards buying future dividend income with reinvested dividends between now and then. One has to balance yield, increases and consistency of the dividends. A tool I discovered from other posters on this board is dividata.com.
Posted on 12/3/13 at 11:45 am to RickAstley
I've only got 4 blue chips. Purchased them myself. No broker. DRIPS. The diversity was:
Energy
Retail
Medical
Electronics/Tech
The counter balance to that was an equal investment in a mutual fund managed by a guy who I have to pay a small fee.
My blue chips have outpaced his mix by a lot.
My investments have no goal. It just sits there because it's much better than sitting in a bank.
Energy
Retail
Medical
Electronics/Tech
The counter balance to that was an equal investment in a mutual fund managed by a guy who I have to pay a small fee.
My blue chips have outpaced his mix by a lot.
My investments have no goal. It just sits there because it's much better than sitting in a bank.
Posted on 12/3/13 at 12:09 pm to RickAstley
I was given 10 shares of Exxon as a high school graduation gift and have been buying them ever since. I buy direct online. My wife inherited quite a large number of Exxon stock has has been buying them since as well. It's just an easy solid place to invest a bit.
I was given 10 Apple for college graduation and have kind of done the same although not as much. Which I could kick myself for.
All I can say is save as much however you can and live within your means. I don't mean live cheap. Enjoy the fruits of your labors after you have saved.
I was given 10 Apple for college graduation and have kind of done the same although not as much. Which I could kick myself for.
All I can say is save as much however you can and live within your means. I don't mean live cheap. Enjoy the fruits of your labors after you have saved.
Posted on 12/3/13 at 12:25 pm to Martini
If I was 30 years old I'd buy the cheapest land out in the country I could find. Plant pine. Sell for lumber in 5 year increments and replant. Lumber is expensive as hell. Requires no maintenance. It just sits there.
Posted on 12/3/13 at 12:45 pm to Zach
Do you know any more about timber investing? It's something I've considered as part of a portfolio
Posted on 12/3/13 at 3:13 pm to jimbeam
quote:
Do you know any more about timber investing? It's something I've considered as part of a portfolio
Nope, just that you have to live near the land because people will steal trees. North La. is great pine country.
Posted on 12/3/13 at 8:18 pm to Zach
Pine is very profitable when you own 100+ acres and sell in 20 acre lots per year.
It also has other revenue streams, such as selling the pine needles from the yearly shed, as they are used for mulch and you can make upwards of $30,000 in a 3 month span off 60-80 acres.
In the timber industry, right now I'd be looking at ways to invest into side markets for the Hardwood market. Cut Hardwood lumber is currently pushing market highs and it is expected to have a 30-50% market growth. There is a Hardwood Flooring Mill in Tennesee that is currently buying up a large part of the Southern market Red/White Oak which has drove prices for FAS/1 common / 2&3A graded cut lumber up to current record highs. Most of this ends up being exported to foreign countries for resale.
Best way to explain this is Currently Southern Market Red Oak FAS is a little over $1100 per 1000 sq feet, 4 months ago it was pushing only $975-980. Most outboard sawmills are stockpiling Oak Trees for post winter cuts to see how high the prices go, or if demand will fade.
Sorry if this is a little much to comprehend or TMI, I work in the industry.
It also has other revenue streams, such as selling the pine needles from the yearly shed, as they are used for mulch and you can make upwards of $30,000 in a 3 month span off 60-80 acres.
In the timber industry, right now I'd be looking at ways to invest into side markets for the Hardwood market. Cut Hardwood lumber is currently pushing market highs and it is expected to have a 30-50% market growth. There is a Hardwood Flooring Mill in Tennesee that is currently buying up a large part of the Southern market Red/White Oak which has drove prices for FAS/1 common / 2&3A graded cut lumber up to current record highs. Most of this ends up being exported to foreign countries for resale.
Best way to explain this is Currently Southern Market Red Oak FAS is a little over $1100 per 1000 sq feet, 4 months ago it was pushing only $975-980. Most outboard sawmills are stockpiling Oak Trees for post winter cuts to see how high the prices go, or if demand will fade.
Sorry if this is a little much to comprehend or TMI, I work in the industry.
Posted on 12/3/13 at 10:08 pm to RickAstley
OP - I bought 200 shares of stock called Magnolia Federal Bank about 20 years ago. Bought it directly from one of their branch offices. It was sold to Union Planters, and now it is Regions Bank and with the DRIP over the years it is now 2600 shares. My statement comes directly from Regions.
All my other stocks are tied up in both my self-directed IRA's. I use Scottrade at the mall in Ridgeland.
And I have 2 mutual funds at Vanguard
All my other stocks are tied up in both my self-directed IRA's. I use Scottrade at the mall in Ridgeland.
And I have 2 mutual funds at Vanguard
Posted on 12/5/13 at 12:44 pm to oR33Do
Can you speak more to the Pine needles operation? Are you talking about Alabama or is the same true for LA?
Posted on 12/8/13 at 10:47 pm to oR33Do
quote:
Pine is very profitable when you own 100+ acres and sell in 20 acre lots per year.
It also has other revenue streams, such as selling the pine needles from the yearly shed, as they are used for mulch and you can make upwards of $30,000 in a 3 month span off 60-80 acres.
In the timber industry, right now I'd be looking at ways to invest into side markets for the Hardwood market. Cut Hardwood lumber is currently pushing market highs and it is expected to have a 30-50% market growth. There is a Hardwood Flooring Mill in Tennesee that is currently buying up a large part of the Southern market Red/White Oak which has drove prices for FAS/1 common / 2&3A graded cut lumber up to current record highs. Most of this ends up being exported to foreign countries for resale.
Best way to explain this is Currently Southern Market Red Oak FAS is a little over $1100 per 1000 sq feet, 4 months ago it was pushing only $975-980. Most outboard sawmills are stockpiling Oak Trees for post winter cuts to see how high the prices go, or if demand will fade.
Sorry if this is a little much to comprehend or TMI, I work in the industry
Where is a good start to get started in this land/tree harvest? I would love to buy 100 acres plus but we all know that is some serious cash. I always said it takes $ to make $. Buying the land in pine rich areas like the south seems like it can pay for itself and eventually making money. Buying cheap land and planting pine would be my route. I could even hunt it. Who would I contact? Why is the seller not doing this? How do I plant? Lots of questions
Posted on 12/8/13 at 11:18 pm to RickAstley
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