Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
Share
Get it and forget it stocks
Published 7 months ago • 3 min read
Presented By: The Early Bird from MarketBeat
Official Affiliate Partner: 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:
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:
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!!
Click the image above, sign up for a 7-day free trial, and get $30 off!
*This is an affiliate offer, and I will receive a small commission at no additional cost when you buy a premium annual subscription after clicking the image above.
Special offer: $30 off Premium for the first year. At the end of the free trial (or immediately if you are no longer eligible for a free trial), $269 is charged automatically for the first year of your annual subscription. Auto-renews at the then current annual list price.
Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
🚨A quick word: I'll be a guest speaker at the Blossom Investor event in Chicago on Tuesday, October 7th. Grab a 15% discount with DAPPER15.🚨 Don't you just love hearing old people talk? Last week, my earholes were pleasantly penetrated with the wise words of Howard Marks on the My First Million Podcast and one idea stuck. Getting ideas to stick like Band-aids can be quite the challenge when we're buried with a daily avalanche of information. Unless Elon Musk is going to put an memory chip...
It finally happened. For the first time in 538 days, the CEO of a company I own bought more of his stock with personal cash. Joey Agree, CEO of and you'll never believe it Agree Realty (ADC) bought 4,850 shares x $72.15 for $349,928 of his own money. No stock options, grants or gifts from the company. CEO-Buys.com When a CEO buys their own stock, it's a great sign because they're telling us loud and clear they expect the share price to be higher than it is right now. And, when you couple that...
What if a company that's been paying monthly dividends for 56 years was using an accounting trick to make their investments look better than they really are? That's exactly what I discovered about Realty Income (O) - 'the monthly dividend company' - and it made me start selling my shares. I was reading through some Seeking Alpha comments when I stumbled across someone pointing out an accounting trick that Realty Income uses. I often find the comment sections more valuable than the actual...
