Q: The 3 BN, BLK and BRK.B are the largest financial holdings in my portfolio. I would like to consolidate 3 holdings into 2 only. Which 2 do you recommend? I have 20+ years horizon and have high risk tolerance. Priority is growth, no need for div for 20+ years.
5i Research Answer:
The historical returns between all three names has been quite similar. We like all three, but if we HAVE TO consolidate to just two for total return purposes we would side with BN and BRK.B. We think BLK is a great company, and we would consider it to be a high quality dividend grower over time, but the reinvestment runway at BLK is limited compared with the others.