Originally Posted by reckless
Hey Mike ... first off, I never, ever let my political feelings interfere with the other parts of my life with other posters. Others do towards me, it seems, but I could live with that.
Awhile back, I posted on here around the time of my 'now famous' generational buying opportunity that specifically asked you guys not to let one's political or personal hatred towards Trump stop you from investing. I meant it then and I mean it now. We are far, far away from a market top or bubble land. Don't allow the vidiots on business TV scare you off when there are some very cheap, financially sound, and growing companies still available to buy and hold.
A couple of times in the past 2-3 years I mentioned Apple as the best stock to own ... it was in the middle 80s when I said this. It's almost doubled since then, and it doubled in the middle of a daily constant harrangue by stock gurus on TV calling for the world to end! I read the other day Apple has $200 billion in cash on hand ... unbelievable. Plus, while cash on hand is a liability to a growing company just wait until Apple is able to bring $100 + billion at least back home to invest and pay dividends. In a matter of months it's becomes a $200-225 stock.
My bullishness comes from the fact I invest solely in individual stocks. And I own 20-25 stocks that are still very, very cheap, and way below their intrinsic value. The portfolio of stocks I have purchased over the years --many, many years-- is 'safe' as I see it, much more safe and way less expensive than the overall market.
Those who invest in ETFs, mutual funds, and stock options are very much at risk. The biggest risk to these investors are headline risk. The ETFs are way more expensive, relatively speaking, than any individual companies that I own, even though my big stocks are major components of those same ETFs.
Yes, I know, a complete market meltdown will hurt all stocks, including mine. But, Mike, I don't see any compelling reason for a complete market meltdown now or in the very near future.
Good luck, now and always.
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