Updated about 2 months ago on . Most recent reply

100% of portfolio in stocks.
Hi my name is Michael. I'm just asking to confirm if I'm correct and if I should proceed. I like single stocks and only Blue chip stocks I wanna have my whole portfolio owning between 3-6 stocks I've read books, and I will not be doing this blindly, making sure to check the charts almost daily, using the moving average to say sell if I need to because the stock is at an overpriced point and especially if its about to dip a significant amount so do that daily and be on the look out for that amungst my stocks, Ill also go on google and search "whats the financial standing of said business" if the news is good and thiers no issues with the company and the moving average doesn't arise concern ill not sell or cut losses I just hate how slow the index funds are, is this smart I feel like ill do better if this is my plan, but also looking for insight let me know again ill be monitoring the stocks I own like a hawk.
Stocks
BRK-B 33.5%
Nvidia 33.5%
Dollorama 33.5%
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stocks Id buy if the price isn't crashing currently.
Google/YouTube
Apple
Amazon
Netflix
American express
Visa
current networth 45k
Most Popular Reply

In my opinion, it's a lot of time and energy tracking that information daily, while still having low control over the situations. Even the best day traders don't typically outperform the markets very often.. so it's a whole lot of work for a potentially slightly better payoff than an S&P500 index fund. That said, it is certainly slow and boring to do that. Obviously I'm biased, but you could get 12-15% returns taking that 45k and being a private lender in a real estate deal. You'd lend the funds and collect steady interest payments before getting your full principle back in 6-12 months. It's backed by a tangible asset (the property the investor is buying), so you get the house if something goes wrong (often worth more than your investment), and you don't have to do anything at all. Just sit and collect your checks. We work directly with private lenders like yourself to buy our own real estate deals, and it's really a win-win for everyone. Something to consider.. it's never good to have 'all your eggs in one basket', in my humble opinion.