06-06-2022, 05:55 AM
(06-05-2022, 02:36 PM)ken-do-nim Wrote: Counterpoint, take Eli Lilly. Been around since 1876 and going super strong now.Fenders
The average S&P stock has a shorter lifespan than our time spent investing. One advantage to an index fund. Identifying when a company is transitioning from dominant to relevant to irrelevent is important. An oil or pharma might remain at the top of the sector for 100 years. They did if course. Tech not so much. I am very confident in most of FAANG, but a 20 year old buying FB or GOOGL today? The day will likely come that you better be paying attention. An then there are secular trends like tobacco. That requires monitoring as well. I sold them and they will be nothing but a trade unless they do a massive business model shift. That's all for the moment. I have nasty cold.
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ken--yes quite a few have been around for a long time, take the top 5 canadian banks and they've been around for over 150 years
lilly--there's one i wish i invested in before GILD--a thorn in my side ugh
fenders, those are my exact thoughts in this, especially something like tobacco--i think tobacco is the perfect example and maybe one of the most relevant industries of this topic.
I'm going to have to look at the DOW and the changes it went through the years