It’s no easy feat getting a place on the FTSE 100. The companies that do are usually very well-established and unlikely to fail.
My portfolio consists mostly of companies from the index — solid growth stocks and reliable dividend shares. Unlike volatile small-cap shares, they don’t demand much of my attention. I seldom check on them, confident they will maintain stability and growth in the long term.
However, there’s one stock that’s dragging down my overall returns. I’ve been optimistic about it for some time but my patience is wearing thin. With losses of almost 25% in the past year, I’m wondering if it’s time to admit defeat.
Let’s consider its prospects.
Nursing a hangover
Had someone asked two years ago what my top three favourite shares were, alcoholic beverage giant Diageo (LSE: DGE) would’ve been among them. But since August 2022, the Smirnoff and Guinness producer has been in…
