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Market Summary:
The major indices have been mixed this week with investors still trying to gauge the effects of the promising vaccine news. The Nasdaq remained under severe selling pressure, due to the weakness of the "stay-at-home" spectrum, but cyclical stocks continue to shine due to the repositioning. Global markets have been following Wall Street's lead since Pfizer's (PFE) announcement and the battered European markets are seeing strong inflows due to the improving economic outlook.
Stock Pick Summary:
Our portfolio continues to generate very high returns, and hence we continue to invest aggressively. Today, we add a prolific business in the cloud based software space that has international presence. We expect it to grow its revenue 20% annually and continue to capitalize on the digital transformation. The company is still not profitable and may not be so in the near future, but that does not deter us from adding this pick to our portfolio today.
Risk Meter:
Allocation Guidelines:
We don't recommend over investing in any stock. Consider starting with a small amount, say 2-3% of your portfolio's overall value, and add a little at a time.
You could invest as low as $200-$500 on a pick, and even buy just 1 or 2 shares, if you are new to investing, low on cash or just prefer going slow.
For best results, have an intention to hold your position for at least 2 - 3 years in general. However, you can always lock profits sooner if you prefer as every investor has a unique portfolio and different goals.
Consider investing in our multiple stock picks (the more the better).
The most successful members look to mirror our portfolio as much as possible.
Besides the new stock pick, you may also consider diversifying amongst some of the earlier picks from our market crushing portfolio.
Be patient and don't allow daily market swings to unnerve you. Remember, we have a pristine track record over last 10 years, so Buzz with confidence and patience.
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Keep Buzzing!
Sure Faiz, thanks for the feedback. Keep Buzzing!
Some solid advice there! Thanks for sharing.