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This just in: VOO/VTSAX isn't doing too hot... almost nothing aside from commodities is doing well lately.
The ones that dropped the most will usually be the ones that rebound the sharpest (assuming good underlying fundamentals). That will mostly mean tech, internationals, etc.
And fyi, the FAANG stock to have is, was, and will be ...
...GOOG. It got beat up this past week like all... earnings this coming week (usually a price boost, but occasionally a buy opportunity), 20/1 split this summer to be more accessible and DOW eligible, amazing company with tons of services that everyone uses. They are just one bad iphone or one good service (bona fide online commerce?) away from being the top company in the world by market cap... very likely will be that top dog in a year or two. It will be the top holding in indexes.
They have all the data and control the web traffic, and that's an absolute license to print money. Few people can name a non-niche search engine besides Google and YTube, and far fewer can honestly say they use any other one with regularity. Find me another 20+ year old company that does 20% YoY ad revenue growth each quarter after quarter after year after decade? Find me another company that 90% of American kids and adults (and a good chunk of the globe) uses one or many of their services every single day? To not understand Google stock as this generation's early 21st century version of what Microsoft or Altria stocks were in the late 20th century is to have blinders on.
All of the 'VTSAX and relax' and 'stock picking is risky' people always like to say "it is hard to beat the market average, and I challenge anyone to show me something that does." I say again: "X% GOOG and then 100-X% VOO will smoke just VOO/VTSAX alone. Pick 98/2 or 95/5 or 90/10 or whatever you like... they all beat 100/0 of S&P/Google. I shall call it the VOO-gle portfolio... or the Kenny GTSAX? Sure, it's not a highly active or daring mixture, but it wins nonetheless, doesn't it? Let me know where I shall accept my Nobel prizes for exemplary work in modern financials.
Spoiler alert: I got this crazy idea while I woke up to my Google Home clock, used Google maps to get to work with the least traffic, checked my Gmail on my desktop, saw patients who mostly had found the office on GMB, viewed a YT vid at lunch and Googled a restaurant nearby, used my Android phone when I needed Google translate to check something on the menu, and headed back to the hospital and looked for a present on Google shopping and played YT music while I did my notes. Crazy, I know... nobody would ever use Google stuff more than once or twice a day.
The ones that dropped the most will usually be the ones that rebound the sharpest (assuming good underlying fundamentals). That will mostly mean tech, internationals, etc.
And fyi, the FAANG stock to have is, was, and will be ...
...GOOG. It got beat up this past week like all... earnings this coming week (usually a price boost, but occasionally a buy opportunity), 20/1 split this summer to be more accessible and DOW eligible, amazing company with tons of services that everyone uses. They are just one bad iphone or one good service (bona fide online commerce?) away from being the top company in the world by market cap... very likely will be that top dog in a year or two. It will be the top holding in indexes.
They have all the data and control the web traffic, and that's an absolute license to print money. Few people can name a non-niche search engine besides Google and YTube, and far fewer can honestly say they use any other one with regularity. Find me another 20+ year old company that does 20% YoY ad revenue growth each quarter after quarter after year after decade? Find me another company that 90% of American kids and adults (and a good chunk of the globe) uses one or many of their services every single day? To not understand Google stock as this generation's early 21st century version of what Microsoft or Altria stocks were in the late 20th century is to have blinders on.
All of the 'VTSAX and relax' and 'stock picking is risky' people always like to say "it is hard to beat the market average, and I challenge anyone to show me something that does." I say again: "X% GOOG and then 100-X% VOO will smoke just VOO/VTSAX alone. Pick 98/2 or 95/5 or 90/10 or whatever you like... they all beat 100/0 of S&P/Google. I shall call it the VOO-gle portfolio... or the Kenny GTSAX? Sure, it's not a highly active or daring mixture, but it wins nonetheless, doesn't it? Let me know where I shall accept my Nobel prizes for exemplary work in modern financials.
Spoiler alert: I got this crazy idea while I woke up to my Google Home clock, used Google maps to get to work with the least traffic, checked my Gmail on my desktop, saw patients who mostly had found the office on GMB, viewed a YT vid at lunch and Googled a restaurant nearby, used my Android phone when I needed Google translate to check something on the menu, and headed back to the hospital and looked for a present on Google shopping and played YT music while I did my notes. Crazy, I know... nobody would ever use Google stuff more than once or twice a day.
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