The Florida Retirement System (FRS) is a defined benefit retirement plan that provides retirement, survivor, and disability benefits to eligible employees in Florida and certain local government entities. The FRS is one of the largest pension plans in the country, with over 900,000 active members and more than 380,000 retirees.
One of the key components of the FRS is the Investment Plan, which is a defined contribution plan that allows members to invest their own money for retirement. The Investment Plan is a 401(k)-style plan that allows members to choose from a variety of investment options, including mutual funds, exchange-traded funds (ETFs), and individual stocks.
The Florida Retirement System is an excellent way for state and local government employees to save for retirement. The Investment Plan provides a wide variety of investment options, including individual stocks, allowing members to build a diversified portfolio that aligns with their investment goals and risk tolerance.
Stocks People are Investing in the Florida Retirement System
Table of Contents
- Apple Inc. (AAPL)
- Amazon.com Inc. (AMZN)
- Microsoft Corporation (MSFT)
- Berkshire Hathaway Inc. (BRK.A)
- JPMorgan Chase & Co. (JPM)
- Procter & Gamble Co. (PG)
- Coca-Cola Co. (KO)
- Wal-Mart Stores Inc. (WMT)
- Intel Corp. (INTC)
- The Home Depot Inc. (HD)
- Cisco Systems Inc. (CSCO)
- Boeing Co. (BA)
- AT&T Inc. (T)
- McDonald’s Corp. (MCD)
- PepsiCo Inc. (PEP)
- 17. General Electric Co. (GE)
- 18. Visa Inc. (V)
- 19. Facebook Inc. (FB)
Apple Inc. (AAPL)
One popular stock among FRS members is Apple Inc. (AAPL). Apple is a technology giant that designs, manufactures, and sells consumer electronics, computer software, and online services. The company is known for its iconic products such as the iPhone, iPad, and MacBook. Apple is also a leader in the music and video streaming space with its Apple Music and Apple TV+ services.
Amazon.com Inc. (AMZN)
Another popular stock among FRS members is Amazon.com Inc. (AMZN). Amazon is an e-commerce giant that sells a wide variety of products and services, including books, electronics, clothing, and more. The company also offers a variety of digital services, such as streaming video and music, and is a leader in the cloud computing space.
Microsoft Corporation (MSFT)
Another popular stock among FRS members is Microsoft Corporation (MSFT). Microsoft is a technology giant that develops, licenses, and sells computer software, consumer electronics, and personal computers and services. The company is best known for its Windows operating system and the Microsoft Office suite of productivity software. Microsoft is also a leader in the gaming space with its Xbox console and gaming franchises.
Berkshire Hathaway Inc. (BRK.A)
Another popular stock among FRS members is Berkshire Hathaway Inc. (BRK.A). Berkshire Hathaway is a holding company that owns a diverse portfolio of businesses, including insurance, energy, retail, and manufacturing companies.
The company is led by legendary investor Warren Buffett, who is widely considered to be one of the greatest investors of all time.
JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. (JPM) is a multinational investment bank and financial services company that is likely to be among the options of popular stocks that are available for investment in the Florida Retirement System (FRS).
As one of the largest banks in the United States, JPMorgan Chase offers a wide range of financial products and services, including consumer banking, corporate banking, investment banking, and asset management. The company has a strong track record of performance, with a history of stability and consistent growth, which made it a popular stock among investors.
Procter & Gamble Co. (PG)
Procter & Gamble Co. (PG) is a consumer products corporation that will most certainly be one of the equities accessible for investment in the Florida Retirement System (FRS).
Procter & Gamble, commonly known as P&G, is a multinational corporation that manufactures a wide range of consumer goods such as personal care, household cleaning, and laundry products. The company’s portfolio includes well-known brands such as Tide, Pampers, and Crest. P&G operates in over 180 countries and has a strong reputation for product innovation, reliability, and brand strength.
Coca-Cola Co. (KO)
Coca-Cola Co. (KO) is a multinational beverage corporation that is among the options of popular stocks that are available for investment in the Florida Retirement System (FRS).
Coca-Cola is best known for its flagship product, Coca-Cola, a carbonated soft drink that was first created in 1886. The company also owns and markets a wide range of other non-alcoholic beverage brands such as Sprite, Fanta, and Minute Maid. Coca-Cola operates in more than 200 countries and is one of the most widely recognized and valuable brands in the world.
Wal-Mart Stores Inc. (WMT)
Wal-Mart Stores Inc. (WMT) is a well-established and diversified retail corporation with a strong track record of performance. It is considered to be a blue-chip stock with a solid dividend history, making it a potential choice for long-term investors looking for stability and income.
Intel Corp. (INTC)
Intel Corp. (INTC) is a multinational technology company that is among the options of popular stocks that are available for investment in the Florida Retirement System (FRS). Intel is a leading producer of computer processors and other semiconductor products.
The company’s products are used in a wide range of electronic devices, including personal computers, servers, and mobile devices. Intel also has a strong presence in the data center market, providing processors and other products to support cloud computing and other data-intensive applications.
The Home Depot Inc. (HD)
The Home Depot Inc. (HD) is a popular stock among Federal Reserve System (FRS) members for several reasons. One reason is that Home Depot is a leading home improvement retailer with a strong track record of financial performance. The company has a well-established brand, a wide range of products and services, and a loyal customer base, which provides a level of stability and resilience in the face of economic downturns.
Additionally, Home Depot is considered a blue-chip stock and is widely held by institutional investors, which means it is easily accessible to investors and that its performance can be used as a benchmark for the performance of other stocks or the overall market.
Cisco Systems Inc. (CSCO)
Cisco Systems Inc. (CSCO) is a multinational technology company that is among the options of popular stocks that are available for investment in the Florida Retirement System (FRS). Cisco Systems is a leading provider of networking and communications technology.
The company designs, manufactures, and sells a wide range of networking equipment such as routers, switches, and security products. Cisco also offers a variety of software and services, such as collaboration and analytics tools. Cisco’s products and services are widely used by businesses, governments, and other organizations around the world.
Boeing Co. (BA)
Another popular stock among FRS members is Boeing Co. (BA). Boeing is one of the largest aerospace and defense companies in the world, known for designing, developing, and manufacturing a wide range of commercial and military aircraft, as well as space and defense systems.
The company is also a major supplier of aerospace components and provides related services such as maintenance and training. Boeing has a long history of stability and growth, which has made it a popular stock among investors in the Florida Retirement System.
The company has been paying dividends regularly and has been able to grow its earnings per share over the years. Its strong brand, diversified product offering, and consistent revenue growth have also been key drivers for its stock performance.
AT&T Inc. (T)
AT&T Inc. (T) is yet another popular stock among FRS members. AT&T is one of the largest telecommunications companies in the world, providing a wide range of telecommunications services such as wireless, broadband, and television services.
The company also operates a large pay-tv business, through its subsidiary DirecTV and has a significant presence in the media and entertainment industry through its Warner Media subsidiary.
McDonald’s Corp. (MCD)
McDonald’s is one of the largest fast-food chains in the world, operating over 38,000 restaurants in more than 100 countries.
The company is known for its burgers, chicken sandwiches, French fries, and other menu items. McDonald’s also offers a variety of breakfast items and has expanded its menu in recent years to include healthier options such as salads and fruit.
McDonald’s has a longstanding track record of stability, making it a favorite investment option in the Florida Retirement System.
The company has been paying dividends on a regular basis and has been able to increase its earnings per share over time. Its stock performance has also been influenced by its strong brand, diverse product range, and sustained revenue growth.
PepsiCo Inc. (PEP)
Another popular stock among FRS members is PepsiCo Inc. (PEP). PepsiCo is best known for its flagship product, Pepsi, a carbonated soft drink that was first created in 1898. The company also owns and markets a wide range of snack brands such as Fritos, Cheetos, and Lays.
Additionally, PepsiCo operates in the non-alcoholic beverages industry with its brands Gatorade, Tropicana, and Mountain Dew. The company operates in over 200 countries and is one of the most widely recognized and valuable brands in the world.
- 3M Co. (MMM)
3M Co. (MMM) is a popular stock among Federal Reserve System (FRS) members for several reasons. One reason is that 3M is a diversified technology company with a strong history of consistent financial performance and a diverse product portfolio that spans various industries, such as healthcare, industrial, and consumer goods.
This level of diversification can provide stability for investors, as the company’s performance is not dependent on the performance of a single industry or product line.
Another reason why 3M is a popular stock among FRS members is that it has a strong track record of dividend payments, which can provide a steady source of income for investors. 3M has a history of consistently increasing its dividends over time, which is considered a positive sign of the company’s financial health and stability.
17. General Electric Co. (GE)
General Electric Co. (GE) is a popular stock among Federal Reserve System (FRS) members for a few reasons. One reason is that GE is a large and diversified company with a long history of strong financial performance. It operates in a variety of industries, including aviation, energy, healthcare, and transportation, which gives it a level of stability and resilience in the face of economic downturns.
Additionally, GE has a reputation for being a well-managed company with a strong balance sheet and a track record of consistent dividend payments. Another reason why GE is a popular stock among FRS members is that it is considered a bellwether stock.
Bellwether stocks are considered to be leading indicators of the overall performance of the stock market or a particular sector of the economy. Because of its size and diversity, GE is often considered a barometer for the health of the broader economy.
18. Visa Inc. (V)
Visa Inc. (V) is a popular stock among Federal Reserve System (FRS) members for several reasons. One reason is that Visa is a global leader in electronic payment processing, and as the world becomes increasingly digitized and cashless, the demand for Visa’s services is likely to continue to grow.
Additionally, Visa is a highly profitable company with a strong financial position, which can provide stability and a source of steady returns for investors. Another reason why Visa is a popular stock among FRS members is that it operates in a relatively stable and defensive industry.
The electronic payment processing industry is considered to be relatively resilient to economic downturns, as people continue to use electronic means of payment even during difficult economic times. This can provide a level of stability for investors, especially during uncertain economic periods.
19. Facebook Inc. (FB)
Finally, another popular stock among FRS members is Facebook Inc. (FB). Facebook is a social media giant that operates the Facebook platform, which allows users to connect with friends and family and share information and content. The company also operates Instagram, WhatsApp, and Oculus VR, and is a leader in the digital advertising space.
In Conclusion,
These are just a few examples of the stocks available in the Florida Retirement System. The FRS Investment Plan offers a wide variety of investment options, including mutual funds, ETFs, and individual stocks, so members can choose the options that best fit their investment goals and risk tolerance.
It is important to note that past performance is not indicative of future results. The investment options that have performed well in the past may not perform well in the future, and vice versa. It is always a good idea to do your own research and consult with a financial advisor before making any investment decisions.