Well, I don’t have all those stocks. I’d like to add Pay Pal and Square. I’ve had a great 2 month run, fueled mostly by an 80 point gain by one stock, Docusign and a lot of luck with Nikola. Plenty of mistakes along the way. Similar to you, I don’t need to use the brand but traditionally Ive always had to understand a business and what a company does before investing in it. Continued success to you.
Perhaps you've been under a rock the last 4 months. There was a major pandemic that sent the market into chaos. Since then you didn't have to outsmart the market, all you had to do was go with the market. When high sell, when low buy. Chuck Schwab has been lying to you.
I see it as a hobby AND a way to save money. I don't see how people can't see this. Buying safe, blue chip, dividend-paying stocks is so simple even a caveman can do it. If you read the news regularly and keep track of trends and how people are spending, you can make money in the market without being a professional. I am a perfect example. I have a degree, but it's far from finance. For example, if someone who has even half a clue started buying Apple, Amazon, Google, and Microsoft about ten years ago, they've done WELL. It doesn't take a genius or a master's in finance from NYU to see that those are winners. And see my post above (#477). You want to bet against my picks?
So we agree.
I have a masters in finance, but thanks for the tip. If you believe in the market, buying an S&P 500 fund, with almost zero load, is so simple a caveman can do it. But I'm sure you'll do better.
Go figure. You're one of the "professionals." There are undoubtedly many things that finance types can and should help someone like me with, but picking winning stocks isn't really one of them. Answer me this. Aside from tax advice, and input on things like money markets, or moving money around at certain stages of life, and stuff like that, why would I pay you to tell me to buy Apple, Amazon, or Google?
As a "professional", I'd suggest you buy Apple, Amazon and Google. Pretty sure the rest of the market hasn't thought of that yet.
You're a genius. Thank you so much!
Why does it have to be “outsmarting” the market? As others have said, smart people can choose the top names and make intelligent assessments on whether the market will favor stay at home stocks or ones that will benefit from reopening with a reasonable chance we can ourperform some funds and 401 Ks.
Boneyard ETF.
I appreciate the warning. What I did wasn’t a huge amount of $, plus I’ve already transitioned out of the more speculative stuff to slower growing but proven companies.
Great post. AWS and Azure are two big reasons why AMZN and MSFT are two of my 3 biggest holdings. To me they’re like their own diversified mutual funds because of the cloud, retail presence and everything else they offer. Whether circumstances dictate more staying at home or more reopening, those two will prosper either way.
