03-19-2014, 10:12 AM
To me, the list at the start of the thread represents great ideas for long term investments. But the premise of buy and hold to essential never sell, becomes a lofty standard for picking any company or sector, especially one like REITs or MLPs that are dependent upon continued tax code. My comments just hint at some possible issues that could effect the companies longer term. But none of those issues would at present keep me from going long, mostly because I don't care where the companies will be in 5-10 years. If the positions don't pan out, there will always be suitable replacements.
I own REITs and think that any income portfolio should generally include some property REIT exposure. IMO PEP, KO, INTC, and SO all represent good choices for a DG portfolio. But once again, only if given reasonable expectations which include regular monitoring and review. It is easy to keep a position too long, just because it has been held for a long time and has sort of become a 'friend'. I agree that it may make sense to have long term positions in the context of a 10 year or 20 year plan, but expectations going out much beyond 10 years becomes a pretty meaningless exercise. There are just too many variables that can affect the investing climate, sectors, and individual companies.
My preference is to stay flexible and nimble, making changes when it seems prudent to do so.
I own REITs and think that any income portfolio should generally include some property REIT exposure. IMO PEP, KO, INTC, and SO all represent good choices for a DG portfolio. But once again, only if given reasonable expectations which include regular monitoring and review. It is easy to keep a position too long, just because it has been held for a long time and has sort of become a 'friend'. I agree that it may make sense to have long term positions in the context of a 10 year or 20 year plan, but expectations going out much beyond 10 years becomes a pretty meaningless exercise. There are just too many variables that can affect the investing climate, sectors, and individual companies.
My preference is to stay flexible and nimble, making changes when it seems prudent to do so.
Alex