The major indices are mixed and flat thus far, following a choppy but active morning session on Wall Street. The ongoing runoff elections in Georgia are at the center of attention, and while expectations shifted slightly towards a Republican Senate majority, which is probably more favorable for stocks, the race remains very tight.
Global risk assets also remain under pressure due to the negative COVID data, with hospitalizations still inching higher in the U.S. and in several European countries.
Stock Pick Summary:
We start 2021 with a bang, and include a highly volatile, risky, but promising small cap in the Application Software and Broadcasting segment into the mix! We can afford to take risks, given our outstanding strength in the portfolio, but if you are nervous about big swings in either directions, you may consider other picks in the portfolio.
The company may not be able to register any profit for at least 2 more years and is also low on cash. However, with the rising demand, we expect it to be able to grow their revenue by around 30% annually. With a rising growth of subscribers and an addictive streaming platform, we see some promise here for the long term!
We don't recommend over investing in any stock. Consider starting with a small amount, say 2-3% of your portfolio's overall value, and add a little at a time.
You could invest as low as $200-$500 on a pick, and even buy just 1 or 2 shares, if you are new to investing, low on cash or just prefer going slow.
For best results, have an intention to hold your position for at least 2 - 3 years in general. However, you can always lock profits sooner if you prefer as every investor has a unique portfolio and different goals.
Consider investing in our multiple stock picks (the more the better).
The most successful members look to mirror our portfolio as much as possible.
Besides the new stock pick, you may also consider diversifying amongst some of the earlier picks from our market crushing portfolio.
Be patient and don't allow daily market swings to unnerve you. Remember, we have a pristine track record over last 10 years, so Buzz with confidence and patience.
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