Act like you're dead

[KFRCanuk]

 

[james22]

Think of yourself as dead, you have lived your life. Now take what’s left and live it properly. Marcus Aurelius

[brobro777]

Yea this is what I intend to do with my PM, just hold and reinvest dividends for 20 years. The only individual stock/industry where I did at least somewhat okay over the years has been cigs/tobacco/nicotine and I think PM may go off 15% CAGR with dividend reinvestment for many years. It may end up a being a good idea to hold for far longer than 20 years, one of those never sell in your lifetime kinda thing

 

 

 

[73 Reds]

7 hours ago, brobro777 said:

Yea this is what I intend to do with my PM, just hold and reinvest dividends for 20 years. The only individual stock/industry where I did at least somewhat okay over the years has been cigs/tobacco/nicotine and I think PM may go off 15% CAGR with dividend reinvestment for many years. It may end up a being a good idea to hold for far longer than 20 years, one of those never sell in your lifetime kinda thing

 

 

 

No one is entering this market so chances are very good that PM, MO, BTI etc.. will be very good performers for a long time to come - particularly when looking for bond substitutes in low interest rate environments.  Monopolistic tendencies for companies that sell products that aren't going away for decades or more makes for a perfect set-it-and-forget-it investment.

[brobro777]

1 hour ago, 73 Reds said:

No one is entering this market so chances are very good that PM, MO, BTI etc.. will be very good performers for a long time to come - particularly when looking for bond substitutes in low interest rate environments.  Monopolistic tendencies for companies that sell products that aren't going away for decades or more makes for a perfect set-it-and-forget-it investment.

 

Nicotine that can be consumed indoors and without stinking like an ashtray, with all kinds of barriers to entry - this may be one of the few good insights I have in my life

 

 

[73 Reds]

7 minutes ago, brobro777 said:

 

Nicotine that can be consumed indoors and without stinking like an ashtray, with all kinds of barriers to entry - this may be one of the few good insights I have in my life

 

 

Its a widely hated industry so valuations will always remain on the low side but that, together with a recession-proof business provides a lot of downside protection.

[Saluki]

14 hours ago, KFRCanuk said:

 

 

 

You have to be careful of "resulting." Like winning the Lottery, just because someone had a good outcome, that doesn't mean it's a good idea to buy something and forget about it.  If he had bought another popular tech stock, Netscape which went to zero and never paid a dividend, then it would be a different lesson. 

[schin]

21 minutes ago, Saluki said:

 

 

You have to be careful of "resulting." Like winning the Lottery, just because someone had a good outcome, that doesn't mean it's a good idea to buy something and forget about it.  If he had bought another popular tech stock, Netscape which went to zero and never paid a dividend, then it would be a different lesson. 

 

Can you imagine if he invested in Nvidia?  He could have put his money in Lucent Technologies, Nokia, etc.... this is clearly resulting.

[KFRCanuk]

I created this topic kinda open ended on purpose.

 

Found this S&P calculator.

 

 

It's amazing the dumb luck the mooch has.

 

[Dave86ch]

#HODL