*AV* UTILITIES
For the birth of my last 2 kids, my mother gave 500 shares of Duke Power and Southern Co. as gifts. These stocks are in the "vault", meaning we do not look at them until its time to make the first tuition payment for college. Every so often a new certificate arrives for a split and all dividends are reinvested. Considering one has aged 10 years and the other 14, they are in good shape for college, wouldn't you agree??
There are reasons for being in conservative investments and you have illustrated them. I just wanted to add my 2 cents and show the real conservative side of my investment portfolio. Each year, I take 10-15% of the profits I have and put them into utilities like Southern Comppany, Duke Power, American Electric Power, and Philedelphia Electric. As a savvy investor, you know some of these are performing better than others in dividend and price performance, but at least I can say I am diversified (yeah all East Coast Companies. That's because the next earthquake is going to make my Nevada Property ocean front property).
These are the untouchable stocks and will be the difference between a comfortable retirement and a pathetic pension-Social Security check.
The 3 sides of my portfolio have now been aired. Conservative Utilities, Safe high tech and semis (speculative), and "the picks"
(high risk Vegas Style). I am glad the conservative side of some are beginning to show up so that others can see it is not all penny stocks and hi flyers. All your $$$$ in one type of investment may not be wise unless you are just starting out and are willing to risk everything in order to get a headstart. |
