Voya Corporate Leaders Trust – The Virtue Of Sloth


Ever wondered what might happen if you just bought some leading stocks,once only ,early in your life,and simply held onto them for a life-time ? Generally practiced sloth? Arousing yourself perhaps only if a company went bankrupt or stopped dividends ?

Then here is a story for you :

In 1935 Voya Corporate Leaders Trust bought the shares of the following then leading American Stocks:

  1. Allied Chemical & Dye
  2. American Can Company
  3. American Radiator & Standard Sanitary
  4. American Telephone & Telegraph
  5. Columbia Gas & Electric
  6. Consolidated Gas Company of New York
  7. I. DuPont de Nemours & Company
  8. Eastman Kodak Company
  9. W. Woolworth Company
  10. General Electric
  11. International Harvester
  12. National Biscuit
  13. Otis Elevator
  14. Pacific Gas & Electric Company
  15. Sears, Roebuck & Company
  16. Socony-Vacuum Oil Company
  17. Standard Oil Company (New Jersey)
  18. Standard Oil Company of California
  19. The American Tobacco Company
  20. The Atchison, Topeka & Santa Fe Railway
  21. The Borden Company
  22. The New York Central Railroad Company
  23. The North American Company
  24. The Pennsylvania Railroad Company
  25. The Procter & Gamble Company
  26. The United Gas Improvement Company
  27. Union Carbide & Carbon
  28. Union Pacific Railroad Company
  29. United States Steel
  30. Westinghouse Electric & Manufacturing

Eight decades later,they are left with the 23 scripts below:

  1.  Ameren Corp.
  2. AT&T, Inc.
  3. Berkshire Hathaway, Inc. Class B
  4. CBS Corp. – Class B
  5. Chevron Corp.
  6. Comcast Corp. Class A
  7. Consolidated Edison, Inc.
  8. Corteva, Inc.
  9. Dow, Inc.
  10. DuPont, Inc.
  11. Exxon Mobil Corp.
  12.  Foot Locker, Inc.
  13. Fortune Brands Home & Security, Inc.
  14. General Electric Co.
  15. Honeywell International, Inc.
  16. Linde Public Ltd.
  17. Marathon Oil Corp.
  18. Marathon Petroleum Corp.
  19. NiSource, Inc.
  20. Procter & Gamble Co.
  21. Union Pacific Corp.
  22. United States Treasury Bill
  23. Viacom, Inc. – Class B

The only common names in the 2 lists are Procter & Gamble, General Electric, Du Pont, and Union Pacific.The rest are from acquisitions,spin-offs and mergers.Some like the Pennsylvania Railroad Co. are gone.

So overall,not a bad portfolio at all.

Hyperactivity  rather than sloth tends to be more destructive of wealth.

About Keerthika Singaravel
Engineer,Investor,Businessperson

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