Happy New Year! Let’s kick things off right by uncovering a good look at what happened to some of the oldest members of the Dow Jones Index, way back in the 1890s.
The components that were part of the index in the 1890s may sound unfamiliar to some of you: Chicago Gas. American Cotton Oil. Laclede Gas. American Spirits Manufacturing. National Lead. Tennessee Coal & Iron. U.S. Leather. American Sugar. U.S. Rubber. North American Company. American Tobacco. General Electric.
Having paid many utility bills to Laclede Gas, I’m all too aware that they are still with us. And obviously, we all know that General Electric is still with us. But still, it can be easy to take a look at lists like that and assume that nothing “lasts forever” and you need to constantly churn your portfolio.
The interesting, though, is that you if you take a hard look at … Read the rest of this article!