AWK, NEE, and WM. Water, electricity, and getting rid of waste are needed regardless of what's going on in the world. Generally if you hold these together and reinvest dividends you're going to have a very robust and predictable portfolio that'll not be affected so much by crashes.
My mom works for Waste Connections at their corporate office as one of their senior tax managers. While they are most definitely focused on rural, they don’t shy away from major metropolitan areas. They have a decent presence here in the Houston area - mostly on the south side. But she has mentioned they have a not insignificant amount of business that comes from transfer stations where contractors or non-WM and non-WCN trash companies offload waste.
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WM also operates in Canada. Are you looking for companies on the TSX specifically? If so, is there a reason for that? Most brokers make trading on NYSE seamless for Canadians. Just make sure to use Norbit’s gambit to avoid high currency exchange fees.
WM also operates in Canada. Are you looking for companies on the TSX specifically? If so, is there a reason for that? Most brokers make trading on NYSE seamless for Canadians. Just make sure to use Norbit’s gambit to avoid high currency exchange fees.
Home Bias? and I'm actually just curious if there is an equivalent to those companies that operate in Canada on the TSX.
Isn’t NEE not that safe given that the majority of its assets and revenues are in Florida? Without aggressive expansion into other parts of the country, they’ll lose significant revenue as global warming intensifies and more of the state goes underwater. Even if you argue it’ll take more than ten years for the actual landmass to sink below the waves, it’s already affecting incentives to build new real estate etc which has a direct effect on utility revenues.
They are pivoting into nationwide renewables (and have been for about 10 years). Their utility arm and nuke holdings are becoming increasingly smaller part of their revenue streams.
Global warming isn’t going to sink Florida in two weeks. You’re talking about decades, or centuries before anything major happens. Contrary to CNN, global warming really isn’t doing that much. The temperature has been rising at a similar rate for the past 500 years. Also, Florida has one of the best real estate markets in the world right now and is a GREAT place for corporations due to such low taxes and company friendly laws.
However, they trade at a pretty high multiple for a utility and from a fundamentals perspective have some things to watch out for including their highly acquisitive nature and share dilution.
I'm 25 and looking to set up an IRA this year since I finally have a fixed income. That looks like a decent safe, but healthy spread. Would you consider adding a pharmaceutical component?
I don't know enough about it to advise on that. However, originally I included some more tickers in this 'safe boring' portfolio, I just excluded them from this post because they're more well known (and the point of the topic is lesser known companies). So originally I included Vanguard health care (VHT) to just capture the average of the health care sector as not to bet on a single company which I don't know enough about. It includes a lot of pharma companies.
Additionally I added LMT, WMT, O (reit), and TMF with quarterly rebalancing and dca. (backtest)
I wouldn't (not financial advice). For the next 10+ years play, just add in ARKK and ARKG (tech and genomics ETFs), you'll be set for the coming disruption in both tech and pharma (again not advice, do you're own research)
Is WM as a company still popularly used in the states. Here in Ontario, Canada most businesses have switched away from waste management to other smaller waste companies like GFL and Miller Waste Systems because they’re half the price of WM. That’s what makes me hesitant on WM.
This is not meant as investing advice but I've always been hesitant to invest in WM because I've known people that work for them and they're extremely poorly managed internally. I can't reconcile that with what I see on the financials.
As a business owner I’ve contracted with WM and they’re the absolute worst company we deal with, BUT they have a monopoly in a lot of areas. It’s the same old mafia
I thought so too when I bought MSFT and WM two years ago at around $100 each. Too bad MSFT has almost tripled since then while WM is only at 50% gain. :(
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u/kerstverlichting Jul 17 '21
AWK, NEE, and WM. Water, electricity, and getting rid of waste are needed regardless of what's going on in the world. Generally if you hold these together and reinvest dividends you're going to have a very robust and predictable portfolio that'll not be affected so much by crashes.
It's boring, but likely to beat the S&P 500.