Investing For 2066
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?
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.