-$2.98 (-1.33%)
03:52PM (15 mins delay)
Oct 18, 2009 - 5:21 AM EDT
Market Folly submits:We asked a simple question: If you had to own only 1 stock for the next 5 years, what would it be? Since many of the hedge funds we track on the blog are centered around stockpicking, we thought it would be fun to see what readers had in mind for long-term picks of their own.
As you can imagine, we received the full gamut in terms of answers but definitely noticed a few themes in the responses. Firstly, when it comes to 'buy and hold,' blue chip stocks are the name of the game. By far and away, the largest amount of entries centered around well established blue chip companies that have a proven brand and often pay a dividend. Secondly, two sectors received the most votes and those were: technology and energy. Readers definitely see those two arenas as areas of long-term growth and sustainability it seems.
Source: Seeking Alpha (Oct 18, 2009 - 5:21 AM EDT)
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