Quote:
Originally Posted by Vegas69
I agree with Greg, some good names, some others I would wipe off the list. You certainly have the discipline to sock away such a substantial amount. Clearly you have a big income, but that doesn't mean you had to save a penny! Good luck on the sale of your car.
I've owned Pfizer for a year. It's been a snoozer. Always hanging around even. CVS has been a solid performer. They are a drug dealer. ha I picked them as I see the baby boomers consuming more and more pills, unfortunately.
Greg, have you covered your philosophy on International stocks? Picking them to the make up of your portfolio.
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So many of the companies we own nowadays are already "international". So I don't go looking for a pure international play. 20 years ago you needed to own some foreign company stocks -- but the big best of breed guys are almost all doing business in other countries. Frankly I can't think of many countries where I'd want to own their stocks. Europe is a welfare entity... Spain? Japan hasn't had a good economy for 20 years.... If you want China - buy McDonalds - Coke - Apple... and I don't want to own anything I can't pronounce. Germany is just now slipping into a possible recession...
The other way I think is about stuff like KMI/KMP/KMR.... they own the Pipes...Everyone needs to get their stuff from point A to point B... so I don't try to pick the one guy that's going to win that battle -- when they ALL have use KMP pipes...
Ditto oil --- I'd prefer to own the infrastructure plays (the pipes/storage). Versus the guys that have to drill - risk capital to find more - or have to play the pricing game. THEY ALL have to use the pipes so I invest in pipes. :>)
Again -- this is just something more to think about rather than BUY THIS or DON'T BUY that.... which isn't the way I like to do this thread.