The bottom is always in when your outlook is 20 years from now my friends!
The best way to make money long term is to keep buying in small amounts each week into and index.
Ignore Cnbc! They're in business to keep people watching. Yes, you can learn some things and get a general market sense, etc,but take everything you hear with a grain of salt!
Remember that the people they have on are usually trying to pump their own stocks or get you to go along with their investing thesis,not to help YOU, but to make money for themselves. That's just my opinion.
Anyways I have about 20 good companies that I average down in but I'm slowly coming around to the idea of indexing a larger portion and just dcaing.
Some indexes I like are VTI QQQ QTEC IGV XLV IBB.
Then I have mostly blue chips like UNH MSFT AAPL GOOGL NVDA LIN UNP COST ASML LRCX etc.
But I think for the average investor with a 10 to 20 year look out, the “bottom” is NOW.
I mean by that that when you look back 5, 10 and 20 years from now most indexes and good companies will be a “bottom” compared to where they'll be in those.time frames.
So for the average investor seriously you're best bet to be successful long term is to pick an index or two, not a sector, but a broad index or two like say VTI and QQQ and just do a 50/50 weekly.
For example if you inest $100 A week, just put $50 into VTI and QQQ each week and get on with life. You're not concerned with what happens next week, next month etc. You just keep buying!
So if you throw $50 into QQQ and it's “crashes” 50% next week …. awesome!!! THATS A BUYING OPPORTUNITY!!
Always keep positive and have a positive outlook on life. Keep yourself fit and as healthy as possible and don't eat a lot of junk. Try to eat as little as you can. That's what I do now. I fast every day for at least 12 hours.
So keep buying into indexes. If you want to mess with individual stocks I think you should keep it to about 20% of your portfolio and maybe under 20 positions.
I also like to keep at least 30% cash right now, but maybe I should have more of that cash in low risk stocks like JNJ etc.
Anyways good luck all and remember that if you're under 40 you should just keep buying on autopilot into VTI or whatever. Don't woŕy about seeing RED in your portfolio. You aren't concerned with what happens short term and RED means you now can buy either your index or favorite stocks for cheaper!!
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