Addi, I don't have a low or high opinion of the company. All I am doing is to sell my holdings from time to time so that I can bring my exposure down to more comfortable levels.
And talking about risk, I have about 8% of my portfolio in MO, easily one of the "riskiest" stocks around, considering the number of people that are predicting its demise!
As for steel, aluminum, tires etc., I have my IRA invested in the Dow Dogs. If any of those Dow stocks (Alcoa, Goodyear etc.) qualify to be in my portfolio, I buy them. Otherwise, I don't.
Coming to your mention of AT&T and Wal-Mart, a few years down the line, people would realize that investing in Ma Bell would have been quite profitable and a conservative way to play the internet sector. And Wal-Mart (along with Disney) is likely to be seen as a much smarter "internet investment" than Amazon.com |
