Sanrith Descartes
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This is probably going to take a good 5 minutes to read through so if you have ADHD just keep scrolling. This is a Lithose type of post.
As I alluded to earlier, one of the problems I see in new investors is they don't put the time in to become good at making money. You don't have to be smart to make money in the market. You really don't. Because of symmetrical information, everyone has access to the same info (or they are supposed to legally). And in today's investing world, software does 99% of the heavy lifting for you. What is required to be a winning investor is time. You have got to put the time in to research shit. If you aren't willing to invest your time, then the best approach is for you to be a passive investor in index ETFs.
Too often here I see people buying into shit with tens of thousands of dollars in stock that they have ZERO idea what they do or what they make (if anything). "I heard about it on Reddit/Twitter/Discord etc". You are basically playing three card Monty. Thats a New York City reference. Go look it up if you don't know what it is. I currently hold 26 individual stocks in my portfolio. I can spend time discussing their products/services, business models and financials at length because I have spent hours digging into them. Just as important, you the reader will probably have heard of every single one of them (with one exception). Would you buy a Russian mail-order-bride sight unseen? Of course not. Why buy a stock you have never heard of?
My holdings...
So how do I come up with these stocks? Its actually kind of simple. You cant possibly research the 5,000+ companies in the stock market. There are 11 sectors of the S&P 500 and State Street has an ETF for each sector called the SPDRs. If you look at an ETF you will always find a list of its top 10 holdings. Since 99% are cap weighted, the top ten will be the biggest companies in that sector. So if you just look up the 11 SPDRs and then write down the top ten holdings, you will end up with a list of 110 companies (22% of the S&P 500) that are the largest companies in their sectors. That gives you a pool of companies to begin researching. You can first go through the list and mark out any companies you just dont like out of personal preference. What's left is an investing pool.
Here are the 11 SPDRs top 10 list put together for you. Merry Christmas.
Stop handicapping your investing by buying shit tier stocks. Buy thoroughbreds. Spend time learning what the company actually does. Learn to read their financial statements. Hint: Billionaires didn't become billionaires owning shitty stocks. Every tool you need to win is freely available to you. Stop being lazy and put the work in. Tom Brady isn't the GOAT because he skips leg day. If you don't want to put the work in then invest in Indexes and you will do quite well. There aren't short cuts to getting good at this.
Ho, Ho, Ho.
Too often here I see people buying into shit with tens of thousands of dollars in stock that they have ZERO idea what they do or what they make (if anything). "I heard about it on Reddit/Twitter/Discord etc". You are basically playing three card Monty. Thats a New York City reference. Go look it up if you don't know what it is. I currently hold 26 individual stocks in my portfolio. I can spend time discussing their products/services, business models and financials at length because I have spent hours digging into them. Just as important, you the reader will probably have heard of every single one of them (with one exception). Would you buy a Russian mail-order-bride sight unseen? Of course not. Why buy a stock you have never heard of?
My holdings...
So how do I come up with these stocks? Its actually kind of simple. You cant possibly research the 5,000+ companies in the stock market. There are 11 sectors of the S&P 500 and State Street has an ETF for each sector called the SPDRs. If you look at an ETF you will always find a list of its top 10 holdings. Since 99% are cap weighted, the top ten will be the biggest companies in that sector. So if you just look up the 11 SPDRs and then write down the top ten holdings, you will end up with a list of 110 companies (22% of the S&P 500) that are the largest companies in their sectors. That gives you a pool of companies to begin researching. You can first go through the list and mark out any companies you just dont like out of personal preference. What's left is an investing pool.
Here are the 11 SPDRs top 10 list put together for you. Merry Christmas.
Stop handicapping your investing by buying shit tier stocks. Buy thoroughbreds. Spend time learning what the company actually does. Learn to read their financial statements. Hint: Billionaires didn't become billionaires owning shitty stocks. Every tool you need to win is freely available to you. Stop being lazy and put the work in. Tom Brady isn't the GOAT because he skips leg day. If you don't want to put the work in then invest in Indexes and you will do quite well. There aren't short cuts to getting good at this.
Ho, Ho, Ho.
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