Just started seriously building a stock portfolio. Have a game plan to aggressively invest in growth stocks while we still have some downside coming. Currently building 100 share positions in each of the following stocks.
SQ (45 shares)
ABNB (6 Shares)
AMD (16 shares)
SNAP (100 shares)
WBD (100 shares)
Uber (13 shares)
RBLX (0 shares)
DASH (0 shares)
DKNG (0 shares)
BROS (0 shares)
Want to complete 100 share positions in each of these growth companies while they're beaten up (fully understand some of these companies aren't profitable yet, but have high hopes and looking to capitalize on the next bull run). I haven't averaged up on any of these stocks so far, just picking them up on every dip.
After I complete these positions, I'm going to fill up on the small cap growth names that have been getting killed:
RDFN
FUBO
UWMC
RKT
SOFI
QS
RIVN
This should take me a month or so to grab all of these for 100 shares. After getting all the growth I want as we work into the bottom, I'm going to be spreading out the 4k a month into stocks like META, APPL, COST, TGT, JPM, COF, AMZ, and other big name companies.
My approach is interesting, but I've been watching the market since 2017. Listening to podcasts, reading books, staying involved. Plan to hold for years. The approach seems backwards, should be buying blue chips at the lows, safe haven stocks, dividends, but I'm just looking to take full advantage of this downturn. Feel like as a new investor building a portfolio, it's the perfect time to get aggressive.
Planning to diversify into banks, retail, and dividends when we see some positivity come back into the market. Would love some opinions and criticisms on my gameplan
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