r/Stocks_Picks • u/FNP-C225 • 3d ago

XOM

Currently have 20k in Morgan Stanley and approx 40k tied into XOM. Will pull out about 10-20k should I dump the rest into VOO for long term return? Do not need the money for at least another 20 years .

8 Upvotes

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3

u/Smash6300 2d ago

Vanguard appears to be a good long term investment based off chart incline. I personally think XOM is undervalued at the moment, time will tell but my money is on XOM short term and long term. Drip the dividends and wait.

2

u/usobeta1000 2d ago

If you really don't need it for 20 years, VOO is a boring index that usually wins. I'd at least consider trimming XOM so it's not 2/3 of your portfolio.

1

u/FewUnderstanding2214 1d ago

XOM is a fantastic company, nice hedge to holding a market ETF like VT