Porter & Co Forever Portfolio
by boogie | October 27, 2023 8:46 am
Yesterday Porter predicted an inevitable Debt/Credit crisis. Could any reader comment on your experience with his Forever Stock Portfolio offered for $2,000? Also if you are holding these recommendations, what US broker do you use instead of a large bank? Thank you.
Source URL: https://www.stockgumshoe.com/2023/10/microblog-porter-co-forever-portfolio/
Porter appears to be a happy guy now, returning to power at Marketwise (MKTW).
In addition to 25 Forever stocks and more to watch, he gives “the world’s best investment”.
Is this about insurance?
Don’t you mean he’s happy to be back in the company he founded? He even admitted that Marketwise, which (allegedly) he left Stansberry Research for, has been doing poorly.
Over several years, this site has discussed Porter’s high regard for Insurance — especially Property & Casualty — as the best industry in the investment world. I would be shocked if the Special Report he has prepared to accompany the Forever Portfolio refers to a different industry.
Haven’t looked at that ad or seen if he’s dropping any hints this time, but in the past when he talks about “forever” stocks and “inevitable” stocks they are generally well-established and cash-efficient brands. The firms that have come up in recent years with similar language from Porter include Altria, Home Depot, Starbucks, Apple, Nike, Hershey, Domino’s, Adobe, Disney, NVR, Google, Moody’s, S&P Global, and Microsoft.
And yes, he’s also always a big fan of property & casualty insurance — that’s what he calls “God’s Investment” in recent ads, we went into that in a lot more detail a few months ago.
Don’t forget Coca Cola – I’m pretty sure that’s in there.
Others from past recommendations that sit in the capital efficient sphere could be Amex, Visa, Qualcomm, Broadcom, Mastercard and McDonalds
I mostly use Interactive Brokers and Fidelity, by the way. I’m not particularly worried about Bank of America going under, I do have a different account there and the FDIC and SIPC insurance are enough for me, but the big bank brokerages are generally terrible anyway.