Which stocks is everyone high on right now? I've been mainly buying tech dips, but was wondering if there are any steals or long term stories they are interested in.
The crazy thing is that a large percentage of the people trading the U.S stock market have never seen a real downturn (and, no, Covid doesn't count).
We're arguably in a single 16 year bull market.
Don't believe me? Take a look at TQQQ, triple-leveraged NASDAQ. If you invested $10,000 when the fund launched in 2010, you'd have over $2 million today.
So all the people who just keep making risky bets keep on coming out ahead.
This won't last forever. There WILL be another bear market. And when it does, the TQQQ investors will get wiped out.
My advice? This rally is looking long in the tooth. Protect your downside. Buy solid companies at low multiples. Never touch options.
Good advice for those with less risk tolerance and closer to retirement, but I'm young looking to grow my money. Also, the way I see it, tech stocks are becoming more and more involved in every day life. While analytics would say what comes up must come down, I see the stocks that make up the NASDAQ maintaining relevancy and continuing to grow in the long term at least. As far as this specific rally, I think us traders have agreed we will not react to tarriffs and have stayed resilient in the face of bad news. My opinion is we're just at the beginning of the rally.
However, I too would be concerned at being invested right now if I had lots of money. Plus it's always better to buy while it's down than up.
Yeah, it makes sense that if don't have much you're willing to take much higher risks. I don't have any specific picks for you, but some of the best performing stocks of all time aren't tech stocks.
For example, Monster Energy went up 1000x between 2000–2020. So if you invested $1,000 you'd have $1 million. The best stock of all time is Philip Morris. If you'd invested $1000 in 1925, you'd have $2.5 billion today.
I suppose you just have to find companies that are printing money, growing fast, and then never sell.
I'm mainly trading short term at the moment, so I liked it when Amazon and Apple were down a week ago and they have both rallied. Also was high on Sofi, Uber, Google, Shopify a little bit back but seemed to pull out of those too early. I'm kind of out of the loop now, but I did hear investors saying it's a good time to buy Chipotle, since the stock is so low right now despite it's persisting cultural relevance.
IPOs this year have been doing well. Bullish is going public next week I believe. I've been flipping IPO shares (buy and sell within 30-60 minutes) and that has been pretty successful.
I get the feeling your looking more for portfolio advice/stocks you can hold, but if you're looking for a quick cash grab there you go!
About a month's salary just today, in fact!
Also my fat pill companies aren’t going so hot.
Although I have to say that charging Americans $1000/month for Ozempic when other countries pay like $150/month was always going to be unsustainable.
It's crazy that the US pays for about 75% of worldwide pharmaceutical costs with less than 5% of world population.
We're arguably in a single 16 year bull market.
Don't believe me? Take a look at TQQQ, triple-leveraged NASDAQ. If you invested $10,000 when the fund launched in 2010, you'd have over $2 million today.
So all the people who just keep making risky bets keep on coming out ahead.
This won't last forever. There WILL be another bear market. And when it does, the TQQQ investors will get wiped out.
My advice? This rally is looking long in the tooth. Protect your downside. Buy solid companies at low multiples. Never touch options.
However, I too would be concerned at being invested right now if I had lots of money. Plus it's always better to buy while it's down than up.
For example, Monster Energy went up 1000x between 2000–2020. So if you invested $1,000 you'd have $1 million. The best stock of all time is Philip Morris. If you'd invested $1000 in 1925, you'd have $2.5 billion today.
I suppose you just have to find companies that are printing money, growing fast, and then never sell.
What companies do you like?
I get the feeling your looking more for portfolio advice/stocks you can hold, but if you're looking for a quick cash grab there you go!