It will be the 40th purchase in our Income Builder Portfolio.
I’ll be honest: If someone had told me last Friday that its price would go up 14% before we would buy it three sessions later, I might have selected a different stock this time for the Income Builder Portfolio. But hey, Dividend Growth Investing is a long-term strategy, and the IBP’s primary mission is to build a reliable, ever-increasing income stream through ownership of high-quality companies.
There is no end in sight to Trump’s trade war, and some economists predict that it could trigger the next recession. Nevertheless, we will keep buying stocks like this one for the Income Builder Portfolio because that’s what our Business Plan mandates: Continue investing in high-quality, dividend-growing companies, through good markets and bad. That has been a winning strategy for a century’s worth of investors, and there is little reason to think that will change.
My boss here at Daily Trade Alert gave me a pretty audacious assignment, asking me to write an article that answers this question: Which stock would you choose if you only could own one? My selection? A stock I bought early on for our Income Builder Portfolio…