Here's the next item I wanted to cover from Kiplinger's "The Best List" (November issue.) Today, we're highlighting the best stock to put away and forget:
The Best Stock to Put Away and Forget: Johnson & Johnson
How about this for a model of consistency: Johnson & Johnson has raised its dividend 44 consecutive years. J&J sits on three sturdy legs: pharmaceuticals, medical devices and branded consumer products, such as Band-Aid and Tylenol. Rain or shine, J&J can peddle its products.
I have owned JNJ stock for years now and I agree 100% with what Kiplinger's says here. My only regret: I wish I would have bought more of this stock and less of MCI WorldCom several years back. ;-)
For more on making the most of your investments, see Best of Free Money Finance: Investment Posts.
What's the balance between individual stocks and mutual funds in your portfolio? I know that you're a huge fan of Vanguard index funds, but you also seem to own a number of individual stocks, as well. Maybe this would be a good topic for a forthcoming post...
Posted by: fivecentnickel.com | October 17, 2006 at 08:43 AM
I think it would be a good topic. Stay tuned.
Posted by: FMF | October 17, 2006 at 09:05 AM
I couldn't agree more. I've done several posts with regard to ensuring your financial future by using solid, large cap, dividend paying stocks and reinvesting the dividends. J&J is exactly the type of stock I've been referring to.
Posted by: Debt Free | October 17, 2006 at 09:19 AM
The only problem with JNJ - its a great company, but the stock is never cheap enough to make a no-brainer investment.
Posted by: 2million | October 23, 2006 at 08:15 PM