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What stock would you happily hold for the next 10 years?

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Ed Hanson
Ed Hanson
3 months ago

Waste Management. Everyone has and will have trash. Its recession proof. They power their vehicles from the methane gas from their landfills. Its Amazon proof. They are used at construction sites and natural disaster recovery. They pay a dividend. In 10 years people will have trash. Plus, there is a big barrier to enter for the business.

corrupt
corrupt
2 months ago
Reply to  Ed Hanson

I had WM in taxable, IRA and Roth accounts. When it popped, I sold the IRA and Roth holdings as the yield was pretty much halved, but kept the taxable holdings as I didn’t want to pay for gains, and I still have WM providing service at home. The dividends still cover my hauling service, so I’m happy.

Philip Stein
Philip Stein
3 months ago

I think the question is what individual stock, not stock fund, would you happily hold for the next ten years.

It’s notable that most of the individual stock picks mentioned are ones that have done well over the past ten years. Whether they will continue to shine for the next ten years is anyone’s guess.

I’d love to know what the picks were ten years ago and how they fared over the subsequent decade.

Market conditions shift, and my suspicion is that ten years from now winning stocks may be ones that few anticipated.

Personally, there isn’t one stock I would choose to buy and hold for a decade. I agree with those who choose total market index funds. I expect the U.S. and global stock markets will higher ten years from now, so it’s more likely that either a total U.S. or total world stock market index fund will be a more reliable investment than the stock of a single company.

Nick Politakis
Nick Politakis
3 months ago

Sci

Ed Hanson
Ed Hanson
1 year ago

I have so many to choose from, but without doubt or hesitation to select just one: Waste Management. Everyone has trash. It’s Amazon proof. It has multiple moats. Pays a dividend. Essentially recession proof.

Gaurov Dayal
Gaurov Dayal
1 year ago

VTI of course!!!

Gaurov Dayal
Gaurov Dayal
1 year ago

And you just taught me something new – again! Thanks Jonathan!

tshort
tshort
1 year ago

IT. A total 10 bagger, and no signs of slowing.

Cammer Michael
Cammer Michael
1 year ago

In late 1980s, I remember, ML saying AT&T and General Electric were sure things.

Last edited 1 year ago by Cammer Michael
veggivet
veggivet
1 year ago

Have held Apple for 10 years, and plan to hold it for 10 more.

Jeff
Jeff
1 year ago

Verizon, I like the 5%dividend.

corrupt
corrupt
2 months ago
Reply to  Jeff

Still liking it now that it’s under $40?

Purple Rain
Purple Rain
1 year ago

SPGI (S&P Global Inc). It is a collection of growing moats as financial information becomes more valuable. Platts (the petroleum pricing platform), the S&P & Dow indices, and IHS Market (Fixed income and credit spread indices).

Gross profit margin of 72%, bringing in $107k per employee. It’s the kind of business where the managers go play golf as the money flows in.

SanLouisKid
SanLouisKid
1 year ago

Berkshire Hathaway. Even though Buffett will be 100 in 10 years (and probably still running Berkshire…) the company seems to be built to last. They have an interesting buyback plan in place that keeps the stock from completely tanking. I think of Berkshire as “my bond that doesn’t pay interest.” The retained interest/dividend is probably better invested by the company than me. It’s worked out ok over several decades.

John Wood
John Wood
3 months ago
Reply to  SanLouisKid

I agree with all comments above and below (and you’re being modest, SLK – if you’ve held Berkshire for decades, you’ve done way better than “ok”). 🙂

With 80+ owned companies (including market leaders in many of the industries it competes in), a $250+ billion investment portfolio, and culturally aligned and exceptional talent that will carry on when Warren dies at his desk, it’s a comfortable choice for a 10-year hold (plus, when Warren is no longer controlling the capital allocation, there may be dividends in Berkshire’s future).

Purple Rain
Purple Rain
1 year ago
Reply to  SanLouisKid

They’re buying back 5% of shares a year with their cash hoard. BRK is my favourite index fund.

Jack Hannam
Jack Hannam
1 year ago
Reply to  SanLouisKid

Many complain that it’s stock will not increase in value at the blistering rate it once did. I suspect the company was indeed built on a solid foundation and those who hold onto it for the long term will be pleased with it’s performance.

Arpe Gio
Arpe Gio
1 year ago

Apple, directly or through the Funds that hold it.

Ben Rodriguez
Ben Rodriguez
1 year ago

Great question. Very difficult for me to answer, but I’d say Microsoft. They’ve been a relevant and crucial tech company for decades and it’s difficult to imagine their products and services won’t be needed over the next 10 years. Plus they are probably the least obnoxious of all of the horrible big tech companies.

Sanjib Saha
Sanjib Saha
1 year ago

All of them 🙂 – large or small, local or remote. That explains the Total Stock Market Index ETFs in my portfolio.

Nicholas Clements
Nicholas Clements
1 year ago

If I did buy individual stocks I would probably consider Apple.

John Goodell
John Goodell
1 year ago

Boston Omaha. I own mostly index funds, but I do own this. It’s a conglomerate that is trying to mimic Berkshire Hathaway’s principles, but with a 21st century flavor to massively grow (they sponsor a spac that led them to acquire a company that produces private airplane hangers). Their businesses are boring, cash machines (billboards, surety bonds, rural broadband as well as minority stakes in some excellent companies too); the CO-CEOs appear to be excellent capital allocators. I really like the company ethos across the board.

Andrew Forsythe
Andrew Forsythe
1 year ago

Exxon. Not real happy about their role in climate change but we’ve owned the stock for decades and the capital gains hit we’d take if we sold would be substantial. Plus it does pay a good dividend.

So not sure we’re “happily” holding it, but we’d be very unhappy if we sold!

Sonja Haggert
Sonja Haggert
1 year ago

Aflac. We’ve already had it for many years, it keeps paying a wonderful dividend and has more than doubled since we bought it. Even better, it’s a dividend aristocrat.

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