This is the simplest of Investment Strategies that I use - buy something good and forget about it for a long time. Let the market do its magic. Ideally, one would want to buy a growth stock and hold for the growth to materialize. However, it is difficult to pick a good growth stock that will maintain its momentum. So, I am have been a little conservative with my stock selection for Buy and Forget - I have gone for high dividend picks that are market leaders in their industry.
Current I have the following Buy and Forget selections:
- Durer: a 2050 Target Date Retirement Fund
- Klimt: a Fixed Rate Bond Fund, the account is Current
- Bruegel: DEO
- Turner: INTC
- Renoir: VZ
A total of 7 Units.
It is good to have a part of the portfolio in a position where I don't have to stress over how to manage them. I am looking to transfer over more of my unused cash towards Buy and Forget opportunities - perhaps a more growth oriented choice next time.
Van Gogh, The Potato Eaters
Van Gogh, The Potato Eaters
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