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.)

 

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The markets go up more than they go down!

Well, today was a surprisingly strong day for the market!

The Dow was up .79%. If it wasn’t for Boeing, it would have been up a lot more.

The S&P 500 was up 1.47% and the Nasdaq was up 2%.

Today was one of those days that just came out of nowhere. No rhyme, no reason. I hadn’t a clue, as I prepared for my day this morning, that the markets would perform as strongly as they did! Not a clue.

And this is why you have to always be in the market and not try to time it.

The market started off today with a mixture of tragic and positive news.

First, a Boeing (NYSE: BA) 737 Max 8 plane transporting passengers on an Ethiopian Airlines flight crashed, killing all 157 people on board.

The other headline this morning was a corporate takeover, in which Mellanox Technologies (NASDAQ: MLNX) agreed to be acquired by Nvidia (NASDAQ: NVDA) for $7 billion in cash.

On top of that, Apple (NASDAQ: AAPL) was upgraded by Banc of America to a buy and a $210 price target. And the markets were off to the races.

One of the things I love about investing is how unpredictable it is! You have no idea what will happen from one day to the next.

However – the one thing we do know for sure is that markets tend to go up much more than they go down.

That’s why it’s important to be in it!

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.)