I have been a big believer that we are entering a long term commodity and manufacturing bull market. I have also put my money where my mouth is. However, you can be right about a sector and completely wrong about a stock. I own a lot of $GT shares that are down 40% YTD. I also owned $TWI that is up 15% YTD. They are basically the same company. They make tires. In fact $TWI owns, manufactures and sells the Goodyear Farm Tire lines and sells them under the Goodyear name. I of course sold out of $TWI 2 month ago for a small gain and bought more $GT right before the Goodyear earnings disaster.
So my point is diversify. And this can go for any sector. If you are bullish on microchips or fintech for example, it maybe wiser to put half of that money into $PYPL and half into $SQ. The same with buying half of $AMD and half $INTC instead of going all in on one microchip stock.
My useless 2 cents that I am trying to apply to my stock investing & purchasing going forward.
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