We hope to find winners

Today we bought a small amount of Hormel Foods Corporation Common Stock (HRL). We do not see HRL as a dividend stock but as a growth stock. Instead, this is our first small attempt to broaden our portfolio to also include growth stocks.

The reason for this is that we believe that there is great potential in the stock market if you look at the development historically. Although the stock market has done very well recently, it is mainly The Magnificent Seven that has developed fantastically.

Is it really a stock market rally when it is only a few companies, The Magnificent Seven, that account for the majority of the rise. Or is it just a small number of companies performing unusually well?

We believe that there are other companies, apart from The Magnificent Seven, that have great potential to perform well in the foreseeable future.

They say history is written by the winner but in this case it could also be the loser…