
10-14-2022, 07:12 AM
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Sage
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Join Date: Feb 2020
Posts: 15,230
Thanks: 1,261
Thanked 16,232 Times in 6,356 Posts
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Quote:
Originally Posted by retiredguy123
My point about McDonald's is that some people buy a stock because they think that, if the company sells a product and makes a profit, they will share in that profit. But, it is not nearly that simple or logical. It's pretty clear that McDonald's makes a profit on every hamburger they sell. But, when the overall stock market declines, the McDonald's stock will also decline, even though they are still making a profit on every hamburger. That is why I don't pick stocks or time the market.
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I agree and think that dollar cost averaging into well run stocks or funds makes the most sense
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