Originally Posted by neech:
Interesting that the semiconductor sector stocks AVGO, TSM MU, QCOM, INTC and AMD are all down, perhaps a time to get into one of these stocks now?
Given all the noise about semiconductors recently and the government's intervention to try to box China out, I'd think that semiconductors would be a buy now. I've got three of those stocks that you mention, and a couple of others that aren't on your list, and I'm hoping they'll get a boost soon. [Reply]
Posting this here as further education for those new investors.
But it goes back to a point I've made to you before. You've only ever invested in a strong bull market and for a very short period of time. Over a lifetime of investing, people are happy to average 8% total returns. The S&P lifetime return is 9.6%. This market you are investing in is not normal and will not continue.
After the dot.com crash there was 10 years of poor stock returns in which investors labeled this time period, "the lost decade." I'll give you one clue why. The S&P returned -2% for this entire 10 year period. "This is a reminder to investors that large U.S. stocks can go long periods of time without generating any gains."
I asked a phenomenally wealthy friend of mine how to get wealthy in investments and he said, " I put my money in a half dozen stable, boring companies that will be around for a very long time and just do the dollar cost average method every month". I know he has mentioned Alphabet Inc, the big tech stocks, water, etc......he says boring is best. [Reply]
Originally Posted by jdubya:
I asked a phenomenally wealthy friend of mine how to get wealthy in investments and he said, " I put my money in a half dozen stable, boring companies that will be around for a very long time and just do the dollar cost average method every month". I know he has mentioned Alphabet Inc, the big tech stocks, water, etc......he says boring is best.
In order to have something to talk about in these threads you need a sand-box account where you can trade and do daredevil stuff.
Agree with your friend though, best bet is to be hands-off with most of your portfolio. [Reply]