Why I'm Buying The Hain Celestial Group, Inc. for My Roth IRA
A Roth IRA is one of the most important investment tools at your disposal. Although the money you put in it is taxed, you have complete control over where to invest it, any gains you have--through price appreciation or dividends--are tax-free, and all distributions after you are 59 and-a-half are also tax free.
For the past three years, the Motley Fool's Brian Stoffel has been calling out one stock every month that he puts his own Roth IRA money behind. Up until two months ago, this portfolio was solidly outperforming the S&P 500 by double digits. Recently, however, the market hasn't been so kind, and for the first time, the portfolio is losing to the broader market.
As you'll see in the video below, he's not going to let that bother him. This is money he doesn't plan on touching for another three decades! Instead of being concerned, he's excited for the opportunities that lie ahead.
He already laid the thesis out for why he thinks Whole Foods is getting an outsized allocation in his portfolio, but he also likes to hedge his bets. That's why he'll be filling you in below on his most recent purchase: Hain Celestial . Listen to the video to find out why Brian thinks Hain is an excellent compliment to Whole Foods in playing the growing market for organic goods.
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The article Why I'm Buying The Hain Celestial Group, Inc. for My Roth IRA originally appeared on Fool.com.John Mackey, co-CEO of Whole Foods Market, is a member of The Motley Fool's board of directors. Brian Stoffel owns shares of Whole Foods Market. The Motley Fool recommends Hain Celestial and Whole Foods Market. The Motley Fool owns shares of Hain Celestial and Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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