How I Would Invest $100,000 For the Next Year
A friend recently said his lady friend wanted to invest $100,000 and asked me for ideas. Without knowing any details I put together a relatively safe balanced three stock portfolio that should give a nice yield, some upside without too much volatility and a growth kicker, as well. The core is 70% in IBM at approx. $140, for stability, some growth and an almost 5% yield which brings in nearly 3.5% to the overall portfolio. The second component is 16 to 17% in CEF which provides wealth protection from inflation and currency debasement.(physical holding of gold and silver) at $16.20. The growth kicker is a new discovery in the quantum computing space but a different company than Ionq. Quantum Computing Inc.(QUBT) $10,000 at around $2.55 per share. I wrote the original draft of this about a week or so ago and temporarily forgot about it. So my friends lady friend liked the IBM recommendation and actually bought $200,000 worth at $137 the day after I gave him the recommendations. I don’t believe she bought either of the other two. QUBT traded down to as low as $2.51 late last week, she would have been filled if she followed my recommendation. It is over $2.90 this morning. If interested buy any intraday pullbacks.
Do the opposite of Chartmaster?
Sir CM,
You are sounding overly bullish.
Tech, retail everywhere you read the headlines, they are getting bearish.
https://finance.yahoo.com/news/former-gap-ceo-discounting-retail-173643427.html
GL
I am bullish for the short term as I posted last week and in a comment on FGC’s post today. I don’t base it on headlines but the charts and technicals. Yes, the fundamentals are deteriorating but that was why stocks fell in the first half. Already discounted by the market. If the fundamentals are going to continue to deteriorate, then the market will reflect that after the rally runs it’s course.
Short-term as in?
What are the charts saying after today’s fall?
GL
Not sure what you are referring to. Confusing when you ask questions about something else other than the topic of the thread. I answered your question yesterday about being bullish short term on the general stock market above. You are referring to “today’s fall”? The stock market is up sharply today as I expected with my answer to your comment yesterday. I have to think you are referring to IBM falling today. That is a seperate issue from me being bullish on the stock market short term. I am very bullish on IBM for the long term and have been for two years. I missed the gap just below 130 and am not surprised the stock pulled back to the 200 day mvg average. I should have been better with reading the chart but nothing changes for now. Look at the last five times IBM has pulled back to the 200day. Consecutive higher lows in a rising pattern. Just going to take longer than I thought before the upside breakout. Now a 5% yield while one waits.
Technical analysis with trend lines and indicators would be helpful on a Technical Analysis web site.