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Originally Posted by Jonathanp219
I own FGD, VONE, and LUV and so far this year I have a 6% which is better than I thought I'd have considering it's my first year investing. I was wondering, are these good long-term investments (6-10 years) and if not what are some stocks/ETFs I should be considering?
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The first two are good. I generally don't believe most people should invest in individual stocks. Doubly true for airline stocks, which are high cost, low profit businesses.
I'm concerned you have a very short term mindset, though. The fact that you're up 6% this year is actually meaningless. The time frame is just too short to be an indicator of anything. But I do think those 2 ETFs you have are solid. I'd also say add some bonds to the mix. Most people can't handle the volatility of a 100% stock portfolio.
I'd recommend putting at least 15% of your portfolio (maybe sell LUV and put it into DODLX) in Dodge & Cox Global Bond DODLX (a new fund, but all of their other funds are solid performers with low expenses). Its returns won't be exciting, but it will offset your stock ETFs when stocks are down and it has more growth potential than a bond fund that invests all or mostly in U.S. bonds.