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BP p.l.c. Message Board

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  • yando1946 yando1946 Jun 28, 2004 8:35 PM Flag

    The long haul--best oil company.

    Thanks for the feedback--I probably didn't write this quite as clearly as I could have. BP is my largest single stock holding in any one company. The bulk of my money is in Mutual funds--Legg Mason's Value Trust and Opportunity being about 50% of my account and Vanguard INdex another 25%.

    Bill Miller has beat the market for 13 years in a row with Value Trust (way beyond random luck and no one is even close to him in the mutal fund crowd) and Opportunity let's him do pretty much whatever he wants and I know I am not nearly as smart as he is.

    I'll stay with BP ($30k) because it keeps paying a dividend with the low tax rate and I beleive in the long run will outperform all the other oil companies that are not moving toward sustainable and low pollution energy--)and in economic terms irrationally) it makes me feel good to have money in a company that is building a better environment for my son and hopefully some day grand children.

29.92-0.54(-1.77%)Feb 8 4:00 PMEST