With the recent sell off in a lot of stocks, we are going to be faced with a once in a lifetime opportunity to accumulate some of the world’s most cutting edge companies. Now is the time to be building your watch lists of companies that you have strong conviction in over the next 5 years +. Don’t fret over the short term price fluctuations as some of the major market cap companies are guaranteed to rebound in the future. Now is the time to be accumulating positions in companies that have long term potential. Trying to time the market now will be difficult and accurately timing a bottom is almost impossible, even with some of the most advanced charting technology the world has ever seen. We could see further price depreciation but the lower we go, the greater the opportunity. Stocks are a long term play. Don’t expect to get rich overnight as that’s not realistic for most people. Sure, some people get extremely lucky or maybe are just talented investors but for the most part, this is about the long term game. Some stocks take 3-5 years or more to return good returns. The best thing in my opinion that you could do right now are to accumulate stocks in companies that you have the highest conviction in. Now is the time to set aside for these plays that will be life changing for you in the future. Your future self will thank you for having the fortitude to begin accumulating stocks in great companies. I personally invest in the following companies: AAPL, AMZN, GOOGL, WMT, JPM, UPS, XOM, PLD, UNH, NEE, COIN, NEM, BHP. These are the largest market cap companies from each sector (minus coin) giving me complete exposure to all sectors. I encourage you all to create a diversified, yet concentrated portfolio such as this to give you the greatest opportunity at success, while limiting your risk through diversification. Nothing is guaranteed but I believe in these companies and will continue to accumulate stocks in these companies for the remainder of my lifetime. If the stocks go further down, then this is a further opportunity to lower my cost basis in some amazing companies. But enough with the rant and please tell me about some of the holdings you have and why you hold them. I am always interested in learning more about great companies. Good luck everyone and don’t let these price swings get you down. Look at them as an amazing, once in a lifetime opportunity to accumulating some killer companies.
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