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Stock picks to add to my portfolio for 2019:

By BayArea follow BayArea   2019 Apr 24, 7:32am 775 views   7 comments   watch   nsfw   quote   share    

Hi guys, back in early Jan we had a small correction and at that time I increased my positions in AAPL, KLAC, BRK-B, FND, moves that worked out quite well.

I’m looking to add another $25k of stock purchase into my portfolio.

What do you recommend? What are your stock picks for 2019 and why?

1   B.A.C.A.H.   ignore (0)   2019 Apr 24, 7:51am     ↓ dislike (0)   quote   flag      

Market index funds like Vanguard 500, Vanguard Total Market Index.

Because even though I am a lifelong Bay Arean who worked in tech for decades, I am not Smarter than the market.

Moreover, just living here and being part of the "tech" economy, reluctant to "overweight" into that by also investing in it. Our jobs, incomes, home equity, etc, that's enough exposure for me. "Tech" is included with the proper weighting in the market indices anyways.
2   BayArea   ignore (1)   2019 Apr 24, 7:58am     ↓ dislike (0)   quote   flag      

Thanks for the reply. I’m also open to investing outside of tech.
3   WookieMan   ignore (5)   2019 Apr 24, 8:23am     ↓ dislike (0)   quote   flag      

BayArea says
Thanks for the reply. I’m also open to investing outside of tech.

Tread carefully, but pot stocks have done well by me. You have to be more hands on with them though given the volitility. Probably not the answer you're looking for, but maybe have some fun and throw a grand or two at something. I still see potential in the market with a massive % of the US population still illegal. If states like IL, FL, NY, NJ, TX, etc went legal overnight, my goodness the gains would be off the charts with the right companies. And people can bash USA as much as they want, the world will follow the lead anyway and internationally pot could do very well for US companies.

BACAH's response is pretty much the path I'd follow though. Where I'm at financially I'm not comfortable with much risk. Have some play money, but outside of that I keep it simple. Hopefully someone shows us a good one out there though. I've bit on a few tips here and I'm not sure any have been negative. That said, I don't give tips because I'm not comfortable with it and frankly couldn't do near enough research to give a specific one with confidence and not feel bad putting it out there if someone lost $$$ on it.
4   clambo   ignore (5)   2019 Apr 24, 8:28am     ↓ dislike (0)   quote   flag      

As a general rule, I believe mutual funds are the best way to go; however buying individual stocks is more fun sometimes.

I inherited some shares of WFC Wells Fargo and a few months ago I sold some and bought some DE John Deere.

I was interested in Roku ROKU, I didn't buy any but I may buy a few shares for fun soon.

I don't like owning Wells Fargo but they do pay a nice dividend so I'm not selling it off that quickly.

An outstanding mutual fund manager is Primecap in Pasadena, and you can buy mutual funds directly from them. They also manage the Vanguard Primecap and Capital Opportunity funds which are now closed to investors.

A nice opportunity is also Fidelity Zero Total Market Index Fund FZROX, this has 0% management fee. Index funds are nice for after tax money because they produce very small 1099 each year.
5   WookieMan   ignore (5)   2019 Apr 24, 12:20pm     ↓ dislike (0)   quote   flag      

Forgot... Bitcoin. Great investment ;)
6   BayArea   ignore (1)   2019 Apr 24, 12:38pm     ↓ dislike (0)   quote   flag      

WookieMan says
Forgot... Bitcoin. Great investment ;)

Oh I got some of that too... about 2% of my portfolio.
7   zzyzzx   ignore (2)   2019 Apr 24, 12:38pm     ↓ dislike (0)   quote   flag      

I tend to avoid buying individual stocks at market highs....

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