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Strategies & Market Trends : Young and Older Folk Portfolio
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To: Fireball Dividend who wrote (21794)11/1/2025 3:18:13 PM
From: SeeksQuality2 Recommendations

Recommended By
Fireball Dividend
suncoaster

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Still a fine company, and at a better valuation than we've seen for a while. We sold out of the Roth last year at $290 and out of the taxable account at $312. Market and most of our investments are up since then, while ADP is down. At that 15% correction (not to mention gains on the money in the interim) we've cleared more than enough to pay the tax bill.

Thinking of buying back in. I've been shedding weaker quality companies to buy strong businesses even at higher valuations. ADP is a strong business at a moderate valuation here, just need to figure out how it fits in with the rest. I'll probably add it back next week, in size.
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