Don’t spend $450 on a pair of sneakers. Here are 10 stocks you could buy instead.

As some of you may know, I currently have a day job.

My job is to help displaced individuals find employment. I don’t help them find their dream job…my purpose is to help them find a job.

Yesterday, I met two young adults, back to back, each wearing a pair of sneakers called  Yeezys.

In case you don’t know, Yeezys are sneakers made and marketed by Kanye West. They retail for $250 – for the lucky few that can find them. The demand for these sneakers is so high that you will most likely have to pay a lot more than $250 for them.

On the secondary market, these sneakers are flipped to people like the two candidates I saw today for $450 a pair. When I learned this, I almost fell out of my chair!

To make matters worse, these are individuals at the lower end of the pay scale. My interaction with these individuals inspired me to write this post.

If you are planning on buying a pair of $450 sneakers, let me give you ten stock ideas to buy instead that can pay off big time in five to ten years…

1. Illumina (NASDAQ: ILMN): the gene sequencing giant.

2. Roku (NASDAQ: ROKU): the over the top (OTT) operating system for streaming video.

3. Apple (NASDAQ: APPL): the most valuable company in the world.

4. Tesla (NASDAQ: TSLA): the pioneer of the electric car movement.

5. Nvidia (NASDAQ: NVDA): the leader in artificial intelligence (AI). Has its hand in every major technology platform in the future.

6. The Trade Desk (NASDAQ: TTD): a pioneer in digital advertising.

7. NIKE (NYSE: NKE): one of the most recognized brands in the world.

8. Lululemon (NASDAQ: LULU): maybe the most innovative company in apparel.

9. MasterCard (NYSE: MA): one of the dominant players in digital payments.

10. Facebook (NASDAQ: FB): whether you love Facebook or hate it, it and Google have a duopoly on digital marketing – and that dominance is not going away any time soon.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

 

 

 

 

 

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Why I Love Investing!

In 2016, I purchased shares of Nvidia NASDAQ: NVDA), the graphics chip maker, for $68.97 per share.

About a few months after that, I purchased shares in a genomics company called Invitae (NYSE: NVTA) for $7.21 per share.

From the time I purchased Nvidia, all it did for the most part was go up. Over the next two years, it would climb to a high of $298 per share.

At that time it was the best-performing stock in my portfolio…up over 400%.

During that same period of time, Invitae was a horror show. But it still managed a gain of about 50%.

Now 50% ain’t bad. But Nvidia’s performance, of course, crushed Invitae on a relative basis.

Then, last October, the market started to crash…and it took Nvidia down with it. It plunged a whopping 57% at its low, before rallying.

As bad as that sell-off was, though, Nvidia was still the best performing stock in my portfolio.

Then along came the new year…

…and something phenomenal happened!

Invitae reported earnings that were off-the-charts good…and the stock took off!

In the months to follow, Invitae went from $11.50 to $25.75.

And now, Invitae is the best performing stock in my portfolio – up 226%.

The crazy part? This all took place in a span of three months.

This, my friends, is why you can’t try and time the market!

And this is what I love most about investing in stocks.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)