28.11.2024 17:29:00

If I Could Only Buy and Hold a Single Stock, This Would Be It

Let's try a little thought experiment. What if I could only buy a single stock today and had to hold it forever?What ticker could stand up to the immense pressure? I'd need a business with the fortitude to stay relevant for decades. It should operate across many different fields and sectors, giving my single-ticker portfolio some semblance of diversification. And of course, I would demand a company with world-class leaders. That team will be trusted with my entire hypothetical nest egg, after all.It would be a cop-out to pick an index fund. An exchange-traded fund tracking the S&P 500 (SNPINDEX: ^GSPC) market index would absolutely fit the bill with instant diversification and basically eternal staying power. It also acts like a single stock in many ways, and can be traded just as easily. But again, the Vanguard S&P 500 ETF (NYSEMKT: VOO) is actually not a single stock. Therefore, it doesn't comply with the rules of my silly thought experiment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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