re: If you could pick one stock today to hold till you die...

If one stock was most of your net worth you'd want to diversify that risk too.

Ray KMP is amazing bc of the tax benefits in a taxable account being basically tax free till you sell....what do you think about Ford, their P/E is under 3 thats unreal now they seem to be growing and I saw the new $750K dealer match incentive.....KMI though is the better long term play bc its pretty much the bookie of KMP but with the tax benefits KMP is amazing too! glad someone else is on it

I agree with foshizzle.

I like Exxon and hold alot but its been sputtering at the same levels for 5 years the dividend is below 3% and the CEO doesn't seem to be the best for them....at this point I like ConocoPhillips slightly more bc of the 4% yield and same low p/e

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FTMFW

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I don't know what that means.

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FTMFW

I don't know what that means.

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For
The
Mother
F-ing
Win

Thanks. You're never too old to learn. And for you younger folks here are some old phrases you should try to keep alive:

"Jeez Louise" ... exclamation
"Juicy Tomatoes" .. big tits
"Can o' Corn" .. easy pop fly in baseball
"Screw" .. prison guard

So you have morphed from this thread you started:
LINK

Which included some info such as:

"Anyways, like the topic says, I just inherited 4 convenience stores from a relative who had no children. I have never really had this type of money in my life. I used to make around $50K/year and I'm still living in a $800/month apt right now. I live in Dallas currently and the businesses are here and used to belong to an uncle of mine who passed away a few weeks ago. I don't plan on adjusting my lifestyle to anything too crazy but I imagine I will move out of here once my lease is up"

To this:

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This is silly and amateurish....certain stocks are just dead growth wise...Phillip Morris generated 110,000% since the 50s....I'd strongly advise not buying the whole market to anyone who is capable of research and reading a company balance sheet

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Do you have any idea how much global competition has accelerated the life cycel and attrition of companies? It is easy to invest in an uptrending market and believe you are a good investor, it is another matter when the bottom blows out. Reading a balance sheet today, and more importantly understanding cashflow and what is driving company performance is one thing. Accurately extrapolating and predicting how the company will perform in the future compared to its direct competitors and the global market as a whole is another. It is impossible to buy an investment today and believe it will perform well 10-yrs (or in your take outperform the market), much less over 50-years. I'm not booming you dude, it's just reality is much different than what you are portraying. If everyone believed in buying and holding individual stocks for ultra long term everyone would own the same 30-50 stocks and there would be no market.

There are downsides to holding MLPs in taxable accounts, just like there are downsides to holding them in tax advantaged accounts. There are downsides in holding individual stocks, high on the list is higher volatility and risk of extinction or permanent impairment.

Not saying it might not be worth investing a small % of net worth in individual securities and see how that works out, but as a primary investment plan I wouldn't advocate it. Think about how much research is ongoing daily by professionals who live and breathe equity markets vs retail investors believing they have an actionable edge over them unless acting on insider information.

That's the thing, I've never made the type of money I make today and I honestly don't know how to invest money of this magnitude. I don't trust financial advisors bc of all the people who have lost money with them and I've read funds underperform the market in the long run with fees included.

I was reading a book about a certain buy and hold investor when I was 17 or so and I've always loved his approach of buy and never sell....never had the money to do anything about it seriously till now, till a few months back my portfolio was barely worth $30k....but i did inherit a few little shops from an uncle and after a few months working in the convenience store business I've learned one thing, no matter how high the price people will pay for cigarettes...doesn't matter if they're broke....that's why I also said Altria may be the play...high yield over 5% and they seem to be the people who will manufacture marijuana when its legal along with the fact that the government in dire need of tax revenue probably won't put any new sanctions on tobacco anytime soon....

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No food or beverage company should be mentioned. Way too volatile to consider way into the future.

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I would say a stock like McDonalds would be one of the safest picks you could make if you had to choose a single company. I'm not sure what makes a Megachip company with the brand equity of McDonalds volatile in the future? Especially when comparing its risks to the risks of an oil or tech company.