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Re: shajandr post# 112080

Tuesday, 08/30/2016 5:51:55 PM

Tuesday, August 30, 2016 5:51:55 PM

Post# of 234015
Voya has something of a cult following among conservative investors. You are correct that its current holdings appear to be much different than the 1935 list. But Ameren was Union Electric then, the St Louis electric company and Footlocker was part of Woolworth, as I recall. Voya lucked out by coming into a chunk of Berkshire Hathaway along the way from its Atchison, Topeka & SF holding. Voya was heavy into oil (Standard Oil type stuff) which worked out fabulously... until last year LOL!

Those stodgy 1930s railroads have come back to life. Buffett likes rails. Voya's Pennsy (to use the old nickname) is gone.

They dodged a number of bullets with that 1935 list. No department stores and I don't think they had Hudson Motors or such (Hudson was briefly a Dow 30 stock!!!). Luck was on Voya's side. Of course their management fees were very low (about .55% currently).

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I'd sure hate to be stuck with the first stocks I ever bought. But there's a guy who's very active on SA and brags about having not traded any of his stocks in 40 years!



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