04-23-2015, 01:07 PM
Ok, with the market close to all-time highs and bargains nowhere in sight, I thought it would be fun for everyone to shout out their answer to this question:
You've got to make a purchase today -- at today's prices and other metrics -- of one good dividend growth stock. You'll have to hold it for the next 20 years at least. And forget for the moment about your overall portfolio; this is an isolated purchase and you don't need to worry about your allocations and weightings. What is the best buy / value out there right now?
My pick: XOM.
(Again, which is not to say that it is a bargain at these prices. Just that balancing all of the factors I care about, that seems like the best one at the moment to me, given the high prices all around.)
You've got to make a purchase today -- at today's prices and other metrics -- of one good dividend growth stock. You'll have to hold it for the next 20 years at least. And forget for the moment about your overall portfolio; this is an isolated purchase and you don't need to worry about your allocations and weightings. What is the best buy / value out there right now?
My pick: XOM.
(Again, which is not to say that it is a bargain at these prices. Just that balancing all of the factors I care about, that seems like the best one at the moment to me, given the high prices all around.)