Aging. When you’re a kid, it looks harmless enough, even, in some ways, desirable, but kids, listen to me, don’t fall for it. Aging is a slippery slope, and by the time you realize you’d like to stop sliding, it’s too late, you’re committed. I mention this now because it seems like only yesterday I was happily proving that a simple market strategy would allow me to retire a billionaire. The secret? I was 50 years from retirement age.
And now? Well, I’ll now be passed retirement age in less than 20 years, and that makes it, sadly enough, unlikely I’ll ever be hailed as a market wunderkind. It also means I’m making a few adjustments to my portfolio, for though I have given up the dream of retiring a billionaire, I still intend to retire rich. How rich? Richer than most people. Richer than most people who are rich. Richer than is, strictly speaking, reasonable.
So what does one look for in a 20-year hold? Much the same thing one looks for in a hold of any length, except with the addition of earnings surety. Nothing is truly sure in this world, but we want stocks here that are most likely to remain profitable and growing for years and years to come, whatever happens to the country, or the world. So, with that in mind, let’s take a look.
Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.