10 Stocks That Will Hurt Your Retirement, Not Help It

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Stocks That Will Hurt Your Retirement: IBM (IBM)

International Business Machines Corp. (NYSE:IBM) just can’t seem to do anything right these days. Its revenues have been in decline for an almost unbelievable 18 consecutive quarters.

That’s four and a half years of sales declines. You would think that by now the comparable sales would be so low that IBM would have an easy time posting at least modest growth … yet the losses continue.

IBM is a perfect example of a company that is far from future proof. It’s traditional business model was blown out of the water by cloud upstarts like Amazon and Microsoft Corporation (NASDAQ:MSFT), and IBM has adapted at a sluggish pace. Frankly, the IBM pedigree just isn’t worth what it used to be.

IBM was one of Warren Buffett’s biggest portfolio additions of the past decade, and Buffett bought it precisely because he liked the recurring nature of IBM’s income stream from long-term service contracts. Well, the cloud killed that business model, so it’s time to move on. Dump IBM from your retirement portfolio.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/01/10-stocks-that-will-hurt-your-retirement-not-help-it/.

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