An asset class may be a plum investment in one period and a lemon in another. For example, large-cap technology stocks were plum investments in the 1990s, but turned out to be lemons in the first decade of the new Millennium, when US Treasury bonds were among the plums.
In general, stocks that have posted consistent returns for many years would qualify as plum investments. A well diversified portfolio of blue-chips would generally contain a number of plums, but may also contain a few lemons - stocks that are chronic underperformers with poor or negative rates of return.
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