Filed under: Getting Started, McDonald's (MCD), International Business Machines (IBM), Diageo plc (DEO), Johnson and Johnson (JNJ), Altria Group (MO), Novartis AG ADS (NVS), Automatic Data Proc (ADP), Kellogg Co (K), Consolidated Edison (ED), General Mills (GIS), Procter and Gamble (PG), Merck and Co (MRK), Duke Energy (DUK), Chasing Value, Stocks to Buy, Southern Company (SO), Annaly Capital Management (NLY)
Here is a common sentiment about the stock market: "No fun at all. As I have said before, I believe it has turned into one big casino largely divorced from its original goal of providing capital to companies who produce something of value."
There's a lot of truth to what "granny" recently said to me in an e-mail. Fortunately she also noted "FYI Granny's up 5.86% + dividends." That would give her a gain of about 10% in the past ten months since I posted Where should granny put $50,000, suggesting a very conservative portfolio for an uncertain time.
Not only has she earned a very nice return, surpassing her CD account by 9.5% (20 fold), but she was able to do so with a great deal less volatility than the overall market most of us have lived through.
Continue reading Chasing Value: Granny Said, 'It Has Turned into One Big Casino'
Chasing Value: Granny Said, 'It Has Turned into One Big Casino' originally appeared on BloggingStocks on Mon, 16 Aug 2010 13:30:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Johnson - Altria Group - Annaly Capital Management - Duke Energy - IBM