Originally Posted By: mjk
Would like to ask again about MA, V or AXP, as a long term holding in a Roth.
Thanks.
MA was at $15 at the bottom of the 09 correction, topped out at $101 in early Dec. 15. Had a steady rise then. YTD it's not done as well. Hit $80 on the Feb. dip, it's at $95 now. DIV is .80%. I wont buy it, doesn't fit my portfolio.
V pretty much tracks MA with less appreciation. Both are at their current highs. For myself, I wouldn't buy either.
AXP is the worst of the lot.
I want to buy WFC but it just doesn't work. Financial stocks just aren't good places for money right now. The problem is the Fed. It's not going to get better soon.
My long term holds are BP, MO, PG, VZ. All except BP are up. I bought PB last year right before the oil crash.
I doubled down at $28 this year so my average cost isn't that bad and it currently pays ~7.5%.
I have 3 REIT's, all pay more then 10%, the best one is ACRE which is up 20% this year.
I used to trade and did poorly. I was at my highest in 08, just before the crash. I lost over $60k and never really recovered. In March, I rolled over the 401K into the IRA to consolidate every thing in one account and changed my portfolio to buy & hold with dividends . I just bought GAIN this morning, pays 10%+. My cash position is down to 27%. Right now I expect some sort of dip before the end of the year so i will be building cash for now in anticipation.
YMMV