I know some of you are likely going to aghast by this headline. But, it's almost Halloween, so I'm alright with that. I know that many investors view Johnson & Johnson (JNJ), with its world class balance sheet, and its unreliably reliable dividend, as the cornerstone of their portfolio. This company have been generating massive wealth for shareholders for over half a century. Heck, this company has generated a great deal of wealth for me. I've been building a position in JNJ for years. Currently, my cost basis is $103.55, meaning that I'm up nearly 36%, plus years' worth of dividends.
Contrary to what I know some DGI investors here at Seeking Alpha believe, I don't really believe there are buy and forget stocks in the market. I think investors should always monitor their holdings. However, if there was ever a stock that someone could buy, stash away, and not think about while sleeping like a baby at night, I admit that it would probably be JNJ.
