02-12-2015, 06:10 PM
(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.