32% of My Retirement Portfolio Is in These 5 Stocks: Here's Why I Believe They're Winners for 2023 and Beyond
Latin American e-commerce giant MercadoLibre (NASDAQ: MELI), law enforcement technology company Axon Enterprise (NASDAQ: AXON), shoe maker Crocs (NASDAQ: CROX), equipment rental provider United Rentals (NYSE: URI), and retail landlord Tanger Factory Outlet Centers (NYSE: SKT) are five stocks I believe can beat the market over the long haul. And my money is where my mouth is; these five stocks combine to account for 32% of my personal retirement portfolio.
Below is an explanation of why I own each stock for the long haul. Percentages are the value of each position compared to the value of the entire portfolio, as of Dec. 2.
Surprisingly, I only started buying MercadoLibre stock in 2022. But I admired it from the sidelines for years. I was always uneasy with its valuation. But in 2022, the stock fell to its lowest price-to-sales (P/S) multiple ever, even though its future remains bright. And this was enough to get me off the sidelines and quickly build it into my largest position.
Source Fool.com
