What I Am Buying Today.

[ken-do-nim]

(12-03-2021, 05:07 PM)Marknew Wrote: Ok all I'm a newbie. I just starting investing like 2 months ago. All my friends were doing it, so they talked me into it lol

I'm 23 years old and just graduated from U Maryland. I don't make much money yet but decided to invest 30k in the market.

Bought GNRC, SQ, PYPL, BEPC, VMW, COUP, DKNG, ATVI, VZ, MTCH, SDGR, JNJ, V and some others

My portfolio in just 2 months is down to $17,786. So lost almost half. I suck at this lol. Now I have no money to buy more to average down.

I am sick to my stomach. I thought these were all good stocks and then WHAM!!  Any advice? Will these come back over time?

If it makes you feel better when I was just out of college I lost my shirt too.  I monthly purchased Nortel & Lucent into bankruptcy, and Merck into nowhere.  I did a little better with AMD; I'd buy at 16 and sell at 21, rinse & repeat.  But man oh man if I had just held onto those AMD shares from 25 years ago!  Then there's the time I bought Apple at $20/share when the ipod came out, and sold at $30 to put my wife through school.  If I'd held...  

I always tell new investors to start with the S&P 500 index fund VOO.  Stocks I would add after that are Apple, Microsoft, BroadCom, & Target, as well as the semiconductor index SOXX.  Google too.

I've had trouble this year with pharma/biotech but I think Pfizer looks great going forwards.  JNJ is, for whatever reason, no longer a ticker I trust, and they are going to break into two companies anyways.  Abbvie is very tempting but competitors are going to start producing Humira in 2023.  I keep hearing that is already priced in, but we'll see.  Eli Lilly is the leader in Alzheimers treatments so they look great long term too.  I had a train wreck ride with Moderna this year but it seems any price in the $200s is pretty good.

Verizon & AT&T just can't seem to demonstrate price stability.  The dividend is tempting but if it's high yield you are looking for, say to supplement your income, the 3 capitals are much better options: Ares Capital, Hercules Capital, and Oxford Lane Capital.  Chimera Investments and NexPoint Real Estate too.

Square, Paypal, and financial tech in general I'd stay away from individual tickers.  The competition in this space seems brutal and 10 years from now the names could all be different. Visa and Mastercard may still be around, but they may have to lower their fees a lot, and thus their profitably will be lower as well.

I can't speak to your other initial purchases.