Get it and forget it stocks


Presented By: The Early Bird from MarketBeat

Hello again, investor!

I just talked with Jonathan, who's 67, retired, and living off dividend and social security income, and he shared the idea of "get it and forget it" stocks.

This means buying companies with a durable competitive advantage and thinking they will be leaders for many years.

So much so that you can literally "forget" about them being in your portfolio.

I wasn't even aware that I had done this with a few companies of my very own:

  • AbbVie (ABBV)
  • Lockheed Martin (LMT)
  • McDonald's (MCD)
  • ExxonMobil (XOM)
  • Chevron (CVX), which I sold our long-held 15-share lot this week to reduce individual stock exposure.

But how do I know these are "get it and forget it" stocks, you ask? (Even if you didn't ask, just pretend you did.)

Great question, dear dividend-investing reader!

I bought these companies 4+ years ago and have not added any shares since.

I now realize they're "get them and forget them" because, without looking, I cannot name the CEO, CFO, any executives, or anyone on the board. I have not looked at an annual report since I bought them or even really looked at the fundamentals.

It's shameful to admit this, but it's true.

All the companies above are strong brands with competitive advantages and steady revenue growth and do not need to be babysat and closely watched (I'm looking at you, Nexstar Media (NXST)).

Other "get it and forget it" companies that come to mind are:

  • Procter & Gamble (PG)
  • Visa (V) & Mastercard (MA)
  • Microsoft (MSFT)
  • Costco (COST)
  • Apple (AAPL)

Of course, any company can go out of business, and the future is unknown, but these companies have a better chance than most of being bought, stuck in the top drawer, and forgotten about for many years, if not decades.

And reinvesting their dividends will only add fuel to the dividend fire.

If a major company has serious issues today, we'll hear about them because analysts are all over it like flies on dung, right? So, you'll likely have time to decide whether to continue holding the stock.

Walgreens Boots Alliance (WBA), Leggett & Platt (LEG), Intel (INTC), and 3M (MMM) come to mind as "Get it and forget it" stocks that analysts were waving the red flag on long before they cut their dividends.

Hit reply and let me know if you have any "get it and forget it" companies in your portfolio!

😁THANK YOU to all who responded to the last newsletter!!

Check out the portfolios and podcasts, or see what’s cooking on YouTube.

And now, here is this week's portfolio activity...


Dividends Received This Week ~$137.75

  • Realty Income (O) | $55.44
  • Main Street Capital (MAIN) | $37.50
  • Agree Realty (ADC) | $25.81
  • Innovative Industrial Properties (IIPR) | $19.00

Dividends Received Year to Date~

$417.82


Stocks Sold (AVERAGE)

  • Chevron (CVX) | $156.25
  • Clear Secure (YOU) | $26.40
  • Innovative Industrial Properties (IIPR) | $62.96

Stocks Bought (AVERAGE)

  • 3 Nike (NKE) | $71.15
  • 3 Vanguard Total Stock Market ETF (VTI) | $287.48
  • 10 Schwab US Dividend ETF (SCHD) | $27.68

Notable Ex-Dividends This Week + SSD Score

  • 1/23 CVS Health (CVS), 5.06% | 60BS
  • 1/24 Albertsons (ACI), 3.05% | 60BS
  • 1/24 Pfizer (PFE), 6.54% | 75S
  • 1/21 Colgate-Palmolive (CL), 2.26% | 90VS
  • 1/22 Lowe's (LOW), 1.76% | 93VS
  • 1/24 Procter & Gamble (PG), 2.50% | 99VS

🎙️Podcast of the week🎙️

show
Gaming Consoles Part 3: Nint...
Jan 17 · Business Breakdowns
77:15
Spotify Logo
 

Business Breakdowns spent 1hr 17mins about Nintendo's (NDTOY) past, present and future. A MUST listen for any video game fan and investor.


🎦If you missed it, a conversation with Jonathan Glazer about his 50+ years of investing wisdom!

video preview

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Pat Benatar - Ooh Ooh Song

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Are you cursed with too much money? Consider my TIP JAR as a last resort before lighting it on 🔥!

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That said, have a WONDERFUL week, and I'll see you in the next one.


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