Thank you WXYZ, coming from an investment Vet such as yourself that is reassuring! I have a habit of overanalyzing things but after 4 months of heavy research on starting this portfolio I decided enough is enough. Time for action. Over-analysis equals paralysis!
YES......Ragin Cajun......in the end it ALL comes down to your analysis of PROBABILITY and your investing insight and "FEEL" for the short, medium and long term future of what you are buying. Over-analysis.......DOES.......often equal paralysis. NO ONE has a crystal ball....that is one reason that I tend to personally prefer the BIG CAP MONSTER stocks. The key to me is BIG DOMINANT companies with LONG FUTURES ahead of them. TODAY.....yes......a very nice Monday as many Mondays have been lately. Was able to BEAT the SP500 today by .26% and put up some very nice GREEN numbers. A good start to the month.
I also beat the market with a .97% total return. I also made some investments today. I will be adding hopefully an extra $100-$300 a month in my Roth IRA’s (mine and my wife) and will try to update when I make purchases. I buy the exact same companies and amounts for both IRA’s so that our accounts remain identical (however somehow I messed up an order and my wife’s account has .04 more than me, which she likes to point out). I purchased ATVI today for about $83/share today. I think Activision is a poised to grow a lot in the next 5-10 years along with Covid and they are reporting earnings this week. Kids and adults are increasingly playing video games and kids will likely continue this habit into adulthood increasingly.
I just bought some more PNC @ 106/share. Really seems it may have a target price around 220/share in the next 2 or 3 years.
Interested to know if anyone has any opinions on the fund RGAGX? This is one of the funds offered through my work. I looked but the fidelity contra fund isn’t an option.
Thank you good sir. It will be a long journey to retirement (20+ years most likely) but I’m prepared to persevere! We (wife & I) are starting investing late, both 40, however we have stable careers, no more debt outside a decent mortgage on a home we are happy raising our family in. Really can’t complain despite the uncertain precarious times we are living through. Better late than never to start investing. Excited to see where this goes! I’m not familiar with that fund Jwalker but I’m considering the Fidelity Contra Fund. I’m assuming your work is matching.
Here are the top 10 holdings. Go for it. Digging that "Do Not Tread on Me" poster on your wall. --------- Top 10 Holdings As of 06/30/2020 Symbol Company Sector YTD Return (as of 08/03/2020) % of Assets NFLX Netflix Inc Communication Services +54.10% 5.93% FB Facebook Inc A Communication Services +22.76% 5.77% AMZN Amazon.com Inc Consumer Cyclical +68.41% 5.71% MSFT Microsoft Corp Technology +37.31% 5.43% TSLA Tesla Inc Consumer Cyclical +254.98% 2.70% UNH UnitedHealth Group Inc Healthcare +3.28% 2.48% GOOG Alphabet Inc Class C Communication Services +10.28% 2.17% AVGO Broadcom Inc Technology +1.65% 1.69% MA Mastercard Inc A Financial Services +4.69% 1.56% PYPL PayPal Holdings Inc Financial Services +82.19% 1.31%
HERE......is the ACTUAL news that is relevant to investors that........of course.......you will NOT see in the vast majority of the media today. STEP by STEP we are climbing out of the big hole created by closing down the economy. Myself and MOST actual investors.....versus traders.......are probably recovered from the drop in their portfolio and.........actually.......AHEAD. U.S. factory orders beat expectations in June https://finance.yahoo.com/news/u-factory-orders-beat-expectations-140806523.html (BOLD is my opinion OR what I consider important content) "WASHINGTON (Reuters) - New orders for U.S.-made goods increased more than expected in June, suggesting the manufacturing sector was regaining its footing though rising COVID-19 cases threaten the tentative recovery. The Commerce Department said on Tuesday factory orders increased 6.2% after rebounding 7.7% in May. Still, orders remained below their February level. Economists polled by Reuters had forecast factory orders advancing 5.0% in June." MY COMMENT AS USUAL.........the "economists"......that are ALWAYS WRONG........were once again wrong. This is the sort of.......general data........that is relevant to investors.......NOT.....all the opinion based garbage that dominates the media today.
APPLE has had a blockbuster year........and.....it does not look like the fun is over yet. HERE is more news about the current status of the company: As Apple Nears $2 Trillion, Its Share of S&P 500 Hits Milestone https://finance.yahoo.com/news/apple-nears-2-trillion-share-225151531.html (BOLD is my opinion OR what I consider important content) "(Bloomberg) -- The world gawked two years ago when Apple Inc.’s market value crossed $1 trillion for the first time. But the feat was less noteworthy when viewed from another perspective: relative size. That’s because, even with a 13-digit price tag, Apple’s place among its peers in August 2018 wasn’t unprecedented -- it had gotten bigger, but so had the whole market. As a result, its weighting in the S&P 500 remained comparable to past titans in their heyday, such as Exxon Mobil Corp. and IBM Corp. Almost $900 billion worth of market cap later, that’s changing: Apple’s stock market heft has entered uncharted waters. Thanks to more than doubling since last August, its weighting in the S&P 500 just leapfrogged IBM’s in 1985 to become the biggest in 40 years. “We’re in this market where the winners are going to win -- and they’re going to win big,” said Kim Forrest, chief investment officer of Bokeh Capital Partners. At 6.5%, the iPhone maker’s share in the S&P 500 just surpassed the record 6.4% that IBM held 35 years ago, data compiled by S&P Dow Jones Indices and Bloomberg show. Apple’s overall market cap stands at $1.875 trillion, about 7% away from $2 trillion. The breakthrough speaks to the strength of a company that few can match in a year when Covid-19 is raging. Up 49% this year, Apple’s gain beats all U.S. companies with a market value above $300 billion, except for Amazon.com Inc. The share rally has picked up after the company’s quarterly revenue crushed Wall Street forecasts, boosted by demand from locked down consumers for new iPhones, iPads and Mac computers to stay connected during the pandemic. Some analysts already envision a market value of $2 trillion for Apple. Tom Forte at D.A. Davidson & Co. predicts the stock will rise to $480 a share over the next year or so, a price target that represents a 9.4% gain from current levels and implies a market cap of $2.05 trillion. Apple shares have surged 18% over the past seven days, the most since 2009. The stock has added $570 billion in value this year, more than the total worth of all but four companies in the S&P 500. As great a company as Apple is, some market watchers are starting to question whether the pace of gains are sustainable. At 33 times earnings, the stock traded at a 30% premium to the S&P 500, a level not seen in more than decade. “They haven’t come out with a new product, they haven’t come out with a vaccine to save the world from the coronavirus,” said Matt Maley, chief market strategist for Miller Tabak. “Eighteen percent in seven trading days with no new products -- that doesn’t mean it’s tulip mania, but it does mean the stock is getting a little parabolic and needs to come back down.” MY COMMENT Some interesting data here. LOOKS like Apple is now the largest weighting in the SP500. Their products CONTINUE to be the gold standard in their categories. KING of the BIG CAP world.......for now.
Some of my gambles did well. Significantly more than double the S&P. Which means that I had some red to balance it, and not every day is good. Nothing too much of a long shot. No shrimp. But I do have real estate, financials, energy.... And Disney did well.
I won't buy the Beyond Meat company, either. I like the product real well but there is nothing particularly unique that gives them franchise value over any other vegan meat product, including the taste. In fact, there are others we love but they aren't from publicly traded companies. There is a young chef at Salud Super Food in Puerto Vallarta, MX who makes an amazing burger out of mushrooms. It isn't particularly salty, either. I love a good beef hamburger but this guy makes a veggie burger that's even better. For real. Someone should partner with him and put Beyond Meat out of business. Maybe call it Further Than Beyond Meat. If veggie burgers were part of the lexicon, I would eat them frequently. I'd still eat meat, I'd just eat less. We would probably live longer, also. I hope that soon, someone releases a product with less sodium and perhaps works on lowering the price. It's supposed to be cheaper than meat but vegan meat is double and higher. That's balogna. Vegan balogna.
A Chinese restaurant in Mexico City, makes a Salvadorean papusa with chantrelle mushrooms and guyere cheese. Amazing umami flavor. They top it with pink Himalayan salt. Read the label. I stopped eating that stuff because the sodium was too high. There's a soy chorizo in the supermarket which tastes really good. At they end of the day, it costs more to eat fake meat, then real meat would cost.
46% Apple You could also just buy Apple, Goldman, BofA, Coca Cola.....buy what Buffett buys. You get the dividends.
"I"........have absolutely NO plan to ever buy Beyond Meat. The company is the EXACT sort of company that I avoid. AND.....talk about "processed food".
I have no plans to eat it. Vegetarian diet is a 1st world luxury. We are so rich, we pick over and reject food. I get that certain cultures are religiously vegetarian, and I respect The Dalai Lama. But a white kid from the suburbs, with dreadlocks, driving his mom's Subaru to social justice protests....... @ least 1/4 of the world population is vegetarian, not by choice, and not happy about it. They just can't afford to eat meat. Try bringing a cow to a refugee camp, and explaining to them why they should not eat it.
