What Did You Buy Today?

[kayboy]

(02-12-2015, 06:10 PM)fredr142 Wrote:

(02-11-2015, 11:32 PM)kayboy Wrote:

(02-11-2015, 06:00 PM)earthtodan Wrote:

(02-11-2015, 05:51 PM)kayboy Wrote: Added to my "Halo" stock...MMM

I've never bought it because it's always too expensive, and I've always regretted that decision later.

1yr. return-27.8%
5yr. return-110.9%
It is expensive and it rarely goes on sale. I have it in a Trad. IRA/Brokerage Account. I plan on funding this account with $6500/yr. ("make-up" limit) solely invested in MMM until I'm forced to take RMDs. I haven't been able to find ANY good reason not to.

I would strongly urge you not to invest your IRA solely in MMM, unless you have a healthy diversification in other retirement accounts/annuities/pensions, etc.

I do. The $6500 in the IRA keeps me just inside the 15%tax bracket so, unless the laws are changed, dividends and long term capital gains in my taxable account are treated favorably. BUT...if I could ONLY hold one stock, it would be MMM.