Quoted from PinHigh1:...I work in tech...I like the high flying growth stocks of course and am familiar, but my God those valuations are just flat ridiculous. I did buy a little APPL today though...
I got into investing by having a competition where each of my family members (I have 5 kids) picked a stock and I bought about $1000 worth of each. I think we had Apple, Disney, Google, Hasbro, Nintendo, Amazon, and AMC. Amazon was a little more at the time for just one share but I still bought that for the one kid that chose it. Then whoever had the best return at the end of the month won a portion of what they'd made. I believe all of them, except my wife's Disney went up, but my AMC went up 23% in that month so I won, much to the chagrin of my kids.
That was the first time I bought APPL and it was the last time until a couple days ago when I bought some again. I just have always felt that it was overvalued. They don't even make the best smartphone, that'd be Samsung.
I invest so much in Wal-mart because I feel it is still really undervalued. I know profit margins are a thing but how can Apple be worth more than 5x what Wal-Mart is worth? The reach, dominance, and just pure real estate holdings of Wal-Mart has me wondering how they are not the most valuable company in the world. I believe with a few tweaks that they could dominate Amazon, too. They already have far more shipping centers across the country. They could have 1-day shipping for most people, for most things. There is no reason they couldn't get into streaming and do everything Amazon does online along with their dominance in B&M.
Quoted from DBLM:Just curious, it appears that most people on here do their own trades and do not work with a broker. Is this due to being newer to investing, concerns about fees, liking to do it yourself, amount of money being invested, or something else? There is no right or wrong answer, like I said, I am just curious.
In my case, I have a guy that is a broker and CFP. He and I work together collaboratively, which has been great. Sure, I pay fees, but he has been able to make me a ton of $$$ throughout the years. In addition, based upon the financial relationship I have with him I have gotten preferential rates on loans, terms, etc. For me, it has been more than worth it, but I know for others the expense might not outweigh the gains.
When I started at my current job 8 years ago, I got the 401k. The broker who manages that for us wanted to meet with me and discuss finances. Instead of listening to my situation and desires, he gave me a cookie-cutter line out of any "Investing for Dummies" book so I decided to just do the minimum 3% there. I am also a big numbers/spreadsheets kind of guy and I eventually started doing my own thing and I just really enjoy it.