Invest in ENR and PG?
- Thread starter kmain
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I would hire a accountant and seek better advise, thanks for serving in military
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It's shaving related... both those companies own Gillette and Schick. 
This post belongs in the Barber Shop section of the forum. You are probably more likely to get an answer if you post it there too. Good luck, I hope you find your answer. Thank you for serving in our military.
Verizon would be a better pure dividend play with a current yield around 4.7%.
For what its worth I know Warren Buffet owns stock in P&G.
In my opinion its a solid blue chip American company and probably would be a good lower risk investment if you plan on holding the stock for a while. Also look at Johnson and Johnson and possibly Unilever. I don't know anything about Energizer. You should really talk to a Financial Adviser before you make the decision to buy.
In my opinion its a solid blue chip American company and probably would be a good lower risk investment if you plan on holding the stock for a while. Also look at Johnson and Johnson and possibly Unilever. I don't know anything about Energizer. You should really talk to a Financial Adviser before you make the decision to buy.
OldSaw
The wife's investment
I have some Procter & Gamble stock and it has performed very well for me. It is a well diversified company. P&G has been holding fairly steady for a while now, but I would expect it to start climbing again.
Looks like ENR has just starting paying a dividend, so there is only one quarter of history to consider. PG typically raises their dividend every year but according to Morningstar is already fairly valued or slightly above fair value. IMO if you are looking to buy and hold for more than a few years then these will likely be okay and closely track the overall market's performance, but I would not be excited about buying or selling either.
Single stocks are always risky . . . better off investing in a good growth-stock mutual fund with a 10-year track record of around 10% or better. While dividends are nice, the big money comes in buying low and selling high - something a mutual fund manager will do with the stocks inside the mutual fund, making money for the fund shareholders. In the case of single stocks in your portfolio, you have to know when to buy and sell in order to make big money - you'll never do it off dividends alone.
If I could figure out how to time the purchase and sale of stock I'd be a gazillionaire.
If I could figure out how to time the purchase and sale of stock I'd be a gazillionaire.
I agree single stocks can be risky. If your doing single stocks only invest what you can afford to lose.
If you don't have a Roth IRA you should consider opening one of those...My CPA friend says its one of the only gifts the government gives you. You can contribute up to $5000.00 a year and when you withdrawn the balance when you retire no taxes are taken out. Im currently looking at opening one myself. Leaning towards going with Vanguard because of the low fees and excellent reputation.
If you don't have a Roth IRA you should consider opening one of those...My CPA friend says its one of the only gifts the government gives you. You can contribute up to $5000.00 a year and when you withdrawn the balance when you retire no taxes are taken out. Im currently looking at opening one myself. Leaning towards going with Vanguard because of the low fees and excellent reputation.
+1 - blary54 . . . single stocks are ok for a non-retirement portfolio that if lost, it won't cause you to have to eat dog food in your retirement years . . .
The Roth IRA is certainly the way to go. Funded with post-tax money, no taxes are levied on the profits when withdrawn. It is the opposite of the traditional IRA, where they are funded with pre-tax dollars (lowering your tax liability now) with all future distributions fully taxable (increasing your tax liability later.)
The sad part is most Americans are not putting enough away for their "golden years." One needs to invest around 15% of their income annually in order to ensure the same quality of life upon retirement. IRAs max out well ahead of that figure.
The Roth IRA is certainly the way to go. Funded with post-tax money, no taxes are levied on the profits when withdrawn. It is the opposite of the traditional IRA, where they are funded with pre-tax dollars (lowering your tax liability now) with all future distributions fully taxable (increasing your tax liability later.)
The sad part is most Americans are not putting enough away for their "golden years." One needs to invest around 15% of their income annually in order to ensure the same quality of life upon retirement. IRAs max out well ahead of that figure.
