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NS S & P / ASX200 Index (ASX: XJO) is making a profit on the second day this week … barely.
The ASX 200 previously recorded a 0.4% rise and ended the day with a narrow rise of 0.03%. This will increase the index by 0.2% over the last 5 days.
It combines the movements of the stock prices of the 200 largest listed Australian companies. And that’s just a snapshot of the five-day transaction.
But what if you’re asked which single ASX 200 share you choose to keep for 5 years instead of 5 days?
that is Questions posed by The Motley Fool to Andrew Martin Early this month.
And Martin, Principal Portfolio Manager for the Alphinity Australian Share Fund and the Alphinity Concentrated Australian Share Fund, said he had “perfect” stocks in mind.
Holds ASX200 shares for 5 years
According to Martin:
Macquarie has been held by us for some time and we think they are just getting better. It is a company that is very adaptable to market conditions and they have reinvented themselves many times. The production environment we are in is great for them. And the demand for their services is better than ever at this time.
Martin added that as long as he holds the ASX 200’s share for five years:
I think Macquarie is the perfect stock to own for the next five years. Ironically, if ASX is closed for the next five years, the demand for their services will probably increase.
A really interesting part of their business, I think, is not yet properly priced in the market, but exposure to green energy. They are developers, managers, funders, and owners of green energy assets. And that area of the market is getting bigger and bigger.Macquarie is at the very center where you can make money from it [clean energy] transition.
How is Macquarie doing well?
Macquarie shares are weeping this year, rising 44% so far in 2021. This is compared to the 11% increase posted by ASX 200.
Macquarie pays 2.4% dividend Yield, 40% Frank.
ASX200 shares I hold for 5 years: Fund Manager
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