Someday the greatest quarterback in the world will play his final game. Just ask Joe Namath.
Same with stocks. The great ones don’t stay great forever. Look at Microsoft (MSFT), Johnson & Johnson (JNJ), Merck (MRK), Cisco (CSCO), General Electric (GE). They are still good companies, no doubt, but these once mighty titans are not the engines of growth and prosperity they once were.
So I had to cut them long ago.
Just as the rookie football player with stronger legs, better moves, and greater speed replaces the veteran NFL player once he gets old, his legs start to hurt, injuries mount up, and his speed goes down. All NFL players eventually are not the players they once were. Just as CSCO is not the stock it once was, there is a new crop of stocks out there that have replaced these stocks of yesteryear.
I believe in keeping our portfolios fresh with this new crop of stocks. This does not mean every single day an investor should be making radical changes with their portfolio. But look around at the world that surrounds us today and notice how things have changed. Take note of the companies that are changing the world and technologies that didn’t exist even five years ago that are now so integral to our lives. The world has changed. So should our portfolios.
Great stocks now come in all shapes and sizes just like quarterbacks. Drew Brees, for one, does not fit the mold; too small. But he’s one of the top players in the league.
All he does is win.
I find some of the strangest, craziest stocks using my Best Stocks Now app. One such stock I found with my app and bought back in April has been very good to me ever since. I’ve even written several articles about it: Medallion Financial Corp.
Sounds like a bank, right? It’s not that glamorous. The stock symbol is TAXI (just like the song Harry Chapin sung). I’ve referred to that song many times as I’ve talked and written about this stock that very few people know about. Yet TAXI continues to hit new all-time highs and pay a great dividend.
Data from Best Stocks Now App
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