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    Thread: 2020 Stocks to buy long term

    1. Member child_in_time's Avatar
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      08-29-2020 09:12 AM #1
      If you had $50k ready to invest in some stocks and hold for 15 yrs, what would you buy today? Any exciting new IPOs in the near future?
      Being into cars I think Rivian has potential if they become public at some point...

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    3. Senior Member
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      09-01-2020 09:10 AM #2
      I'd look for something that appreciates nicely and pays a dividend that you can set up for reinvestment.

      I left Colgate-Palmolive (CL) in early 1999. Set up my stock to reinvest dividends. Sold some to pay for half a house on OBX in 2013. The rest is still sitting in an account collecting quarterly dividends.
      Last edited by Cooper; 09-01-2020 at 11:17 AM.

    4. Member child_in_time's Avatar
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      09-01-2020 04:09 PM #3
      I just bought some AAPL shares upon their split. I am leaving those long term.

    5. Senior Member
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      09-03-2020 08:58 AM #4
      Great!

      Thanks for the heads-up. I hadn't entered the AAPL split into Quicken when I manually, monthly enter data since it didn't shown up on my August financial statement. A final notice of the transaction also hasn't been posted online. The additional shares do show up in my activity, though.
      Last edited by Cooper; 09-03-2020 at 11:06 AM.

    6. Member child_in_time's Avatar
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      09-04-2020 11:27 AM #5
      While at it, I bought Lordstown Motors shares (under DPHC), let’s see what happens with them in the following years. I am not expecting next Tesla here, but hopefully they find market with their electric pickup.

    7. Member
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      09-04-2020 02:33 PM #6
      I would entirely avoid speculating with IPOs and instead invest the $50k among many of the companies on the Dividend Aristocrats list. I’d make sure all holdings were set up to reinvest dividends, allowing them to experience compound growth over time. In 15 years, I’d turn off DRIP and use these dividends as supplemental income (if I needed it) but would not sell any of the shares.

      (This is exactly what I am currently doing with my Roth IRA. The only down side is I am limited in my amount of annual contributions. I would love to be able to add $50k to my Roth right now.)
      Dempsey Bowling
      Sales Consultant at Doug Smith Dodge/Chrysler/Jeep/Ram/Subaru/Kia/used
      My fleet: 91 Miata (5.0L swap project), 98 Wrangler Sport, 01 Suburban 2500 8.1L, 80 Grand Prix LJ 454, 86 GLHS #75, 13 Leaf SV

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