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I purchased V when it was public. Back at 64 a stock. I was going to buy more last summer but couldnt due to other money plans. I'm seriously considering selling it now but everything im reading states it is a strong buy.
I'm a long-term bull on it. It's the equivalent of a financial utility company.
It seems like the long term prospects of ge, coke, walmart, etc are going to be marginal vs the market long term.
GE was a great buy after it crashed, but I don't see how it can escape hitting a plateau as a mature blue chip company. Blue chips of the past like...xerox, polaroid, gm, or virtually any company in the 50's to 70's is now a shell of its former self.
Similar to what's happened to the four horseman of tech, dell, cisco, microsoft and intel. It seems like they hit a peak share price, and then wander around, wherever the market decides it should be.
-My picks would be commodity or currency related. Maybe FXC, or FXA, canadian or australian dollar. On a pull back. Theory being, as the dollar declines long term, people will move their money into more stable western currencies. On top of the currencies going up because of commodity/economic reasons over the next 5-8 years.
-An oil based etf would probably be one of my top commodity picks. It's at $85 now, but it has to go much higher long term. Oil is probably going to get to $200-250 before it really peaks. There's going to be too much global demand going forward, even if the US stalls or is in recession.
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