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3 Foundational Stocks to Anchor Your Investing Portfolio
Every successful investor needs a strong base with their investments
If you are new to investing, like I was earlier this year, it’s important to glean as much information as possible when building your portfolio. It’s tempting to go after the hot stocks everybody is talking about may skyrocket in coming days but ultimately, every successful investor must have a strong base, much like the foundation of a good house. Picking the right ones can help set you up to keep your investment account profitable and safer from potential devastating setbacks.
There is no stock that is a sure thing. Even those with the most sterling track records are capable of losing you money in the short or long term. However, foundational stocks can help provide stability in profit making and prevent catastrophic losses, which in turn provides more flexibility in taking chances on more volatile options that may turn into home runs. Foundational stocks are expansive, blue-chippers that are so established that long-term failure is so unlikely that their demise would signal catastrophic problems for the economy in general.
There are a number of stocks that make excellent building blocks for the foundation of a strong portfolio, but here are some of my favorites.
