Good early pre-opening bell morning to everyone.
Today not only marks the ending of our 30-day “game” for newbies pretending to invest without actually investing a real dollar experiment, but it’s also the end of the quarter, which finds the Dow, S&P, Nasdaq and Russell all up.
No surprise there.
After preaching for the better part of the last year that those who were not doing due diligence on a daily basis should take their money out and keep it safe on the sidelines — or at least a good chunk of it — I’ve equally been preaching for the past few months that it was time to start dipping their toes back in.
That doesn’t mean we’re on a path straight-up. Cost leveraging & routine due diligence are pre-requisites to this unstable market.
For those who realize you just don’t have passion or willingness to invest on your own — I sincerely hope you heed the wisdom in my usual disclaimer and do enough research to find the right professional to handle it for you — whether its a personal financial guru, a great mutual fund manager, or you decide to buy an index fund that you’ve taken the time to study.
But do something.
For those who are on the quest to invest on their own, I share with you some words of wisdom that have been passed down through the ages. A great investor isn’t someone who gets it right 100 percent of the time and only picks winners — it’s someone who invests wisely and can pick themselves up after they’ve taken a beaten.
I rarely do this, but it seems the question I’m being asked the most often is if I had to pick just one stock to invest in right now, what would it be — I’d have to say AT&T. Not only because I think it’s a great company that’s not likely to go out of business in the near future, but because I like its strong dividend return.
But, again, no matter how much I might have my constant names that include AT&T, Walmart, Pepsi, McDonald’s, etc. on my due diligence list — I’m a firm believer in constantly taking any profits when they present themselves and then cost-leveraging back into the position on a pullback.
Just remember the usual disclaimer: Don’t base any of your investment decisions on anything you read here — do your own due diligence — or at least enough research to pick the right professional to do it for you.