Quote:
Originally Posted by Rainger99
How many people have financial advisors? The ones that take a % of your money?
The ones who they do better when you do better and they do much better when you lose money?
Are they giving you any helpful advice? If they knew what they were doing, they should have been buying the following stocks. Guy
Comments after part quote: If everyone bought the same hot stocks their prices would rise very high, higher than their real value. It is supply and demand. If everyone buys the same hot stocks their price rises. Of course, many people do that now, but could you imagine what would happen if Vanguard and Fidelity piled their billions in their portfolios into a few hot stocks? Anyway what ever happened to that big selloff this thread was talking about? I am retired now and I am happy with a conservative portfolio that grows nicely each year and even with yearly RMD’s taken out the total amount continues to grow larger each year. I remember 2008 when I stayed up nights selling all my growth funds and putting it all into the Pimco bond funds. Then two weeks later I reversed that and bought back into stocks. This went back and forth for months. I remember losing sleep and getting up at 3AM and making major changes in my portfolio. I am surprised Fidelity never stopped me. Luckily as a former economics major in college I was smart enough to finally put the money back into stock funds. I think I maybe made or lost less than 1% than if I had done nothing. I had a friend who panicked with his mothers inheritance and pulled all his money out of stocks and never bought back in. He lost 50% of his portfolio. He still will not own stocks.
1. CVS Health (CVS): Up 49.9% YTD, making it the top performer in the S&P 500.
2. H&E Equipment Services (HEES): Up 93.6% YTD.
3. IHS Holding (IHS): Up 78.7% YTD.
4. Philip Morris International (PM): Up 31.9% in Q1 2025.
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Chasing hot stocks is a job for people who love stress and excitement. I am retired. I want to sleep at night.
Part of my comments appeared inside the quote. I messed up. That is why I gave up day trading!