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catoismymotor (40.16)

Investing For 2066

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November 07, 2011 – Comments (15) | RELATED TICKERS: BID , CMP , CP

I've annoyed you in the past with my ideas regarding secretly investing on behalf of my two kids. Now I have a new idea about doing the same for my grandkids. If things work out how I suspect they will I am looking at a timeline of 55 to 60 years before the proceeds would be shared out evenly between all of them. I want that to happen when the projected eldest grandkid is 40 years of age. I'll most likely be dead by 2066 so I know that before then I'll have to meet with attorneys to hash out details about this and that. 

I am not a buy and forget type of investor. I am a LTBH investor that keeps and eye on things and will sell should I think it the right time to do so. Even so I can't help but think about which companies I could buy on behalf of my future grandkids and possibly hold for the next 55 to 60 years. I have come up with a short list of those that sound promising that I'll post below.

As always I'd like to hear from you. Which companies can you imagine would be able to held for the next half a century?

-Cato

My list: CSX, NSC, CP, CNI, GLW, CMP, L, BID

Disclosure: I do not own any of the companies listed above and will not puchase any of them before 11/11/11. 

15 Comments – Post Your Own

#1) On November 07, 2011 at 11:31 AM, chk999 (99.97) wrote:

PG, GE, JNJ, DIS, MMM, ABT, FDX, COST

I own stock in some of these. None seem especially cheap right at the moment, but it's always good to have a list ready when the market tanks. 

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#2) On November 07, 2011 at 3:39 PM, Jbay76 (< 20) wrote:

What about EXK, SLW, GPL, AXU, RBY, PPP, AUQ?

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#3) On November 07, 2011 at 4:14 PM, catoismymotor (40.16) wrote:

Chk, thanks for the suggestions. Some of those are so ggod and so obvious! It's no wonder I failed to think of them. :)

 

Jbay, I think miners are wonderful but I can't see owning any of them, save SLW, for more than ten to fifteen years. That's not to say I think you are wrong, I just don't see the future that clearly for miners. Thanks for your suggestions. 

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#4) On November 07, 2011 at 5:41 PM, jwebbzor (< 20) wrote:

2066? I wouldn't venture into the future that far. In the next 50 years when nanotechnology advances to the point where we can reorganize matter and energy at the molecular level, no single facet of our economy will be the same. We won't need railroads to ship food or products, those can all be manufactured on the spot.

Nobody, and I mean nobody can predict what companies will still be around in 2066 because nobody knows what will happen when technology evolves beyond our current comprehension.

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#5) On November 07, 2011 at 8:29 PM, HarryCarysGhost (99.70) wrote:

I'd like to say V, and KO since I own them, but really I'm just thinking of a 20 yr time frame. Two other stocks that I have for long term are BUD and GE. But who really Knows what will happen with any of them in 50 yrs. I suppose it's possible that GE goes under due to it's financial arm, Bud and KO could be made illegal by overzealous healthnuts screaming "won't someone please think of the children??? And public sentiment over Credit of all kinds could take Visa down.

Do I think any of those events are likely,no (although GE almost went under during the crash, so thats the one I'm somewhat skittish on).

Odds are pretty good that I'll be dead in fifty yrs so I would'nt be around to monitor the situation.

Wait a minute ( I don't have kids why am I even worried about this :)

Just kidding Cato, I hope this was a helpful post.

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#6) On November 07, 2011 at 9:46 PM, VExplorer (29.78) wrote:

IMO: ETF will better choice for so long time period. You can play some megatrends with sector or region ETFs.

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#7) On November 07, 2011 at 10:27 PM, Frankydontfailme (27.31) wrote:

I like VE's ETFs idea. I don't own any but for this type of fund they would make sense (who knows what individual companies will be around next decade, never mind 2066!)

If I had to pick individual companies:

KO, NKE, GOOG, PG, UL, HON

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#8) On November 08, 2011 at 12:43 AM, memoandstitch (< 20) wrote:

Here's what my grandfather did. He bought gold and held them for decades and decades.  In 2008, when gold was at its historical height, he distributed them to his children and grand children.  You can do the same too.  Gold is the only investment that has proven itself for centuries.

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#9) On November 08, 2011 at 1:28 AM, awallejr (83.92) wrote:

XOM, KO, T/VZ, GOOG, MSFT, INTC, PG, SNDXF, a bunch of mmlps (pvr, bbep, mmlp etc.)

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#10) On November 08, 2011 at 2:29 AM, daveandrae (< 20) wrote:

If you're even remotelly serious, index funds

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#11) On November 08, 2011 at 2:09 PM, catoismymotor (40.16) wrote:

Thank you, everyone. I appreciate your input.

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#12) On November 09, 2011 at 2:02 PM, BigFatBEAR (29.19) wrote:

Bit late to the party, but better late than never!

ETFs worth thinking about for 50+ years: IWM (for small cap exposure), QQQQ (for tech exposure), XLE (for energy exposure), XBI (for biotech exposure), JNK (for junk bond exposure)...   these are all somewhat higher risk but potentially quite higher reward than SPY. For 50+ years, cost ratios really start to matter, so be sure to factor that in!

Company stocks: INTC, GOOG, BP, COP, ESV, and all of CHK999's picks. ;)

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#13) On November 09, 2011 at 2:04 PM, BigFatBEAR (29.19) wrote:

Also, of note, I just bought a small position in CATO in my Roth IRA, likely to hold for 10+ years unless the company really starts to stink. Now you gotta ask yourself...   is cato REALLY your motor? :P

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#14) On November 09, 2011 at 2:16 PM, TMFBiggles (34.43) wrote:

I actually just did a piece on stocks for the next century. You're all welcome to chime in. That just represents a general line of thinking, and it's very open to discussion. I like some of the mentions here. It's always problematic to peer too far into the future. Who knows what the world will look like, even in 20 years, let alone 2066 or 2100?

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#15) On November 10, 2011 at 1:39 PM, BigFatBEAR (29.19) wrote:

After peering at the market all day yesterday, I finally came across a big-name holding that feels undervalued and has a strong growth story for the next 50 years: GLW.

Corning has 6bil in cash, 2bil in debt, and is priced for only modest performance. I think that they'll sell tons of glass products within the next few generations, and hopefully continue to buff up the dividend while doing so. Let me know what you think...

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