Why Berkshire Hathaway Is a Retiree's Dream Stock
There's no denying that the past couple of years have been relatively disappointing ones for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders. Stock in the Warren Buffett-led multinational conglomerate has soundly outperformed the broader market since its inception (as we know it) in 1964. But since the end of 2018, the S&P 500 index has gained nearly 48%, while Berkshire is up less than 12%. The fund has also merely -- and uncharacteristically -- matched the broad market's performance over the course of the past 10 years.
Before jumping to sweeping conclusions about a bleak Berkshire future, though, take a breath and take a step back. This stock is still a great pick for pre-retirees looking to build a nest egg, and it's still a solid pick for retirees who have room in their portfolios for a non-dividend-paying growth holding.
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Source Fool.com
