I think you are off to a great start. The grandchildren are presumably under 21. So you are looking for a portfolio that will grow steadily over the next 20 to 25 years but without the need for frequent trading.I would take a close look at industry leaders that seem likely to prosper long term. Ones that come to mind: Disney, Caterpillar, Boeing, Dupont, Deere, Monsanto, Google, MMM, Emerson, Union Pacific, Norfolk Southern, CSX.I'm a chemist. So I like Dow Chemical, PPG.A bit riskier, but with good potential: Polaris, Harley Davidson.And for the venturesome: Facebook, 3D Systems, Yelp, Linked In, Twitter, Tesla, Amazon, Netflix.Auto parts companies seem to be doing ok: Autozone, Borg Warner, Parker Hannafin.I like the idea of cherry picking a list like say the Dow or the S&P. Go through the list and try to own the best third while they are doing well.
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