Do You Have To Own Tech Stocks?

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This week, Tracey is going solo to talk about creating a winning stock portfolio.

With tech on a multi-year hot streak, does that make tech stocks an essential must-own for any portfolio?

Or can you do fine without owning it?

This Superstar Investor Doesn’t Own Any Tech Stocks

Ed, a 91-year-old long-term stock investor, and one of Tracey’s family friends worked in the chemical industry for his career.

In 1990, he retired from Sherwin Williams (SHW - Free Report), the global paint and coatings giant, and got a compensation package that included stock.

He has held onto many of those shares and 31 years later they have risen around 9,000%. This easily outperformed the S&P 500 during the same time, which returned around 1100%.

Ed loves stock investing and has 9 other stocks in his portfolio.

They include companies that pay dividends, such as Dow Inc. (DOW - Free Reportand AT&T (T - Free Report).

Dow pays a dividend currently yielding 4.5% and AT&T is yielding 6.6%.

But he doesn’t own tech.

Big Technology and Dividends

If you’re an investor who wants to own dividend-paying companies AND tech, there are several prominent examples including Apple (AAPL - Free Reportand Microsoft (MSFT - Free Report).

But Microsoft didn’t start paying a dividend until Feb 19, 2003.

Since then, it has returned about 1000%.

Sherwin Williams, however, is a dividend aristocrat. It has raised its dividend for 42 consecutive years.

Since Feb 19, 2003, when Microsoft paid its first dividend, old-economy company Sherwin Williams shares are up over 2900%.

Do you need to own technology stocks in your portfolio?

Find out the answer on this week’s podcast.

In full disclosure, Tracey owns shares of MSFT in her personal portfolio.

Disclaimer: Tracey Ryniec is the Value Stock Strategist for She is also the Editor of the  more

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