TRAUF - Tolls Ahead: If You Gotta Pay 'Em You Might As Well Collect 'Em
Each time you invest in a company, you engage in a certain level of risk. To blunt the impact of that risk, I tend to stick close to safer bets like utilities, preferred stock, real estate, and consumer staples. The closer to a monopoly, the better. The wider the moat, the better. To paraphrase a famous quote:
To invest in something where you don't know the outcome is a sucker's play. And my folks raised me smarter than to be a sucker.
But even utilities and monopolies can come crashing down.
A few recent examples