Quote:
Originally Posted by GregWeld
We've used ALTRIA (MO) many times as a steady eddy that pays a decent dividend. It's a SIN STOCK (Booze and smokes). It's very unsexy.... it's even hated for what it is! But it's GROWTH (share price increase) this year is like 33%.... all the while paying out a 4% dividend.
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I love my MO stock and I do not smoke or drink. I started managing my own 401k at the end of 2010. Here is a cross-section of my holdings (some of which I sold) along w/ total return, hold period and APR. I have about 5-6 others I have bought and sold, and a few I picked up recently that I am not showing. I also took a bath on Bank of America somewhere along the line. But, overall, I am averaging a bit over 17% annual return.
You may also notice a trend, most of these are big boring companies that pay decent dividends. I just looked for them to be on sale (high dividend rate for the sector) then bought them. Of course the stock market is doing well this year, that makes all of us look smart.