03-28-2021, 08:51 AM
(03-28-2021, 08:32 AM)ken-do-nim Wrote:You may be right but it's still boring and motivation is important in the early stages.(03-28-2021, 08:18 AM)crimsonghost747 Wrote:(03-27-2021, 04:32 PM)EricL Wrote: If I had to pick one tech it would probably be MSFT.
Diversified behemoth. AAA credit rating. Excellent track record.
(03-28-2021, 06:55 AM)fenders53 Wrote: MSFT doesn't sound bad. Neither does a major chip stock as some of the best ones pay a Div. Tech has to be one of the toughest to pick who is still on top 20 years from now. I'd consider a second one though it doesn't have to start out that way.
MSFT was something I was indeed considering. They seem to be moving in the right direction, and indeed should be a relatively safe choice that will bounce back at some point should it crash 50% due to the insane valuation.
Funny story. I came to a similar conclusion in January, but didn't have any available funds to invest in Microsoft with. So, I sold most of my VOO ETF, which was doing perfectly well, and put $6k into MSFT. It's done nothing since I did that, whereas VOO has continued to do well. To make it worse, I didn't wait a full 12 months to sell VOO, meaning the profit will be short term capital gains.
I still think everyone's first stock pick for a new account should be VOO.
