Simple Investing Advice

3 years ago, I wrote a blog for people who are beginners - to invest in stock market.

https://viralpatel15.blogspot.com/2021/03/stock-market-beginner-advice.html

Later on I updated the blog with this edit: 

Follow above method at least for your first 10,000$. Once you reach that threshold and wanted to jump in individual stocks, please invest in any of the following three buckets based on your risk tolerance. 

To Build the stock portfolio from scratch, you may follow this blog post: https://viralpatel15.blogspot.com/2024/08/building-stock-portfolio.html

I follow very "complicated" method and have multiple trading/investing accounts. I spend 80 hours a week - because I really love everything about stock market, but I understand most folks do not have time, passion, need or energy to spend lot of time. So, I thought, what could be the "simplest" method - that everyone can follow and came up with the following. 

Please keep an eye on Top 20 stocks that I select in my "Cream" portfolio. I update them rarely (on an average could be twice in three months), and invest "DAILY" or "WEEKLY" in those stocks based on your risk tolerance. I invest 5$ Daily in those 20 stocks. That would be 1260$ per year for each stock and that would be roughly 25000$ each year. If you can't afford 25K per year, you can reduce amount to 2$ per day or 3$ per day or 5$ per week (whatever works best for you). If you can afford, more sure, you can also do 10$ per day. This is very simple to do - once you set it up in Robinhood (or any other trading platform which allows fraction stocks buying), it won't even take 30 minutes of your time per month. Extremely Doable - in my opinion. 

    List for 2023 can be found here: https://viralpatel15.blogspot.com/2022/12/robinhood-portfolio-recurring-buying.html

    List for 2024 can be found here: https://viralpatel15.blogspot.com/2023/12/2024-stocks-picks.html

They say - index investing is the best option, but indexes will not give you extra ordinary return. Picks from 2023 are already up 130% in less than a year and half. I can't guarantee you - that my picks will always outperform - no one can but I sure as hell believe that they will be and short term results do indicate that. 

Although - I don't have screen shot from Finviz, but I am doing stock picking from 2018 and each year have outperformed SPY - Well not in 2022. 

For me - it is not easy to pick those 20 stocks. In my robinhood account - I have 1800 stocks. In another Robinhood account - I have 450 stocks. I trade regularly in my TD Ameritrade account and my holding period in "Trading" account is in between 1 day to 60 days. I follow - different method/philosophy for my trading account. Perhaps I can explain how I trade in a separate blog - but let me tell you - I am not the best of the trader, I lose money in trading, but I have not lost money in "Investing", because in "Investing" I buy stocks with the mentality to hold them forever. Investing is the best way to create generational wealth. Trading is "fun" though - keeps you waiting for Monday Morning. I also have M1-Finance account, where I pick 20 stocks for the week - buy them on Monday morning and Sell them next Monday morning with new set of stocks - depending upon which stock charts are looking good in the weekend. 

There is a lot of analysis and thinking that goes behind picking 20 stocks. It is years of experience - years of following market trend - looking at the charts - looking at company fundamentals - studying their earnings report - listening to experts opinion on cnbc and bloomberg and what not. I hope - my thoughts and picks helps people in their respective investing/trading journey. 

I will continue to share my thoughts on Twitter - viralpatel15 on regular basis.