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Nearly zero minutes to DNI Tulsi Gabbard’s release about Fauci, but….
Investing Tip of the Day
Over the long term, about 85 percent of individual stocks underperform the S&P index (and it’s worse in the short-term).
Normally, you shouldn’t invest in individual stocks unless you have advanced expertise as well as a strong stomach for volatility. It’s extremely difficult to identify the minority of winners when you’re competing against the most well-trained financial analysts in the world who have access to information that you don’t. You’ll save yourself headaches and lost sleep if you just choose low-cost index or mutual funds.
Here’s a little known fact, even for Warren Buffett, most of his individual stocks have underperformed the market. He has admitted as much in his annual letters. However, he’s been able to identify big winners like Coca-Cola and stick with them through thick and thin. Imagine what most investors what have done, for example, during the New Coke debacle.
It is very possible to beat the market with individual stocks if you select a diversified enough portfolio that a few stocks you hold can make up for the underperformance in the rest of them, but again, you need not only advanced training but the patience to sometimes deal with wide swings in price.
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Your “Investment Tip” advice is true but one doesn’t have to be a financial expert to make money. I am no financial expert as I am no longer in the market, however I made a ton of money from 1980 to 2023 on just two individual stocks and in a diverse collection of mutual funds. I am in my mid 70’s and retired from work in 2014 at age 64. Didn’t take social security until I was 70. My key to success was due dilligence in making individual diverse stock choices and. I self taught myself how to invest via dozen of library books on finance/investing. My first stock purchase was in 1981 when Chrysler looked like it was going under. I had been following Chrysler for at least 3 years as the stock began dropping. I took a weeks leave from the military to visit Chrysler and talk to employees in Michigan. Spent my entire bank saving $28,500 at $2.98 a share. Yes I said spent as I was ok if I had lost it. Sold it in 1987 for $48.02 a share. My point is this…I was young enough in 81 to start over again if the bailout didn’t happen and Chrysler went under. The decision to put all of my savings in was that there were over 500+ small businesses that also would have went under and upwards of a 100K workers that would have lost their job or business. I saw opportunity when others were running away. The money I made on that was put into mutal funds across many different sectors and I just let it set there until I retired in 2014. I only puchased stocks one more time, in small telephone companies, in the midwest in the late 80’s as I saw the rise in both cable tv and the internet coming on strong. I sold the last stock in a small cable/internet company from New Knoxville Ohio in 2023. Had 27 shares bought at $248. 1988. and sold it for five figures per share. I have moved my money to bank certificates and in land purchases. My advice is simple learn everything you can about finance/investing. Stay away from credit cards unless you pay them off in full every month. Don’t chase the market via listening to “experts”