As investors, the name of the game is profit REGARDLESS of brand names.
The mistake many budding investors make is thinking the brand name is where the profit lies when, in fact, profit lies in the performance of the asset.
PayPal Holdings Inc (NASDAQ: PYPL) has taken a real beating over the last 12 months, with the price dropping 80% between the high of July 2021 and the low of June 2022.
This tech stock giant has a performance history to be proud of.
Since 2016, the price has moved 475%, handsomely rewarding investors. It has also been a pleasant journey for investors, barring the decline caused by the Covid-19 pandemic in 2020, with the price generally trading inside a bullish channel.
The challenge for many is knowing how to filter for the best stocks from the thousands available. The trap? Buying into brand names thinking that the company is a sure bet.
The correct approach is to:
June has been good for Coca-Cola Co (NYSE: KO).
The price of the stock has risen by 10%, but if this stock is not in your portfolio is now the time to buy?
It's been a tough 2022 so far for investors.
The S&P 500 declined by 25% at its peak. The IT sector has taken an absolute beating, with stocks like PayPal Holdings Inc (NASDAQ: PYPL) falling 75%.
Focusing on just the S&P 500 through a tracker fund is a decent place to start investing. It will get you results that beat whatever the banking system gives you.
But for the more savvy investor, the S&P 500 is not where you want to stay if you want to get the most out of your hard-earned money.
In yesterday's article on Bitcoin (CRYPTO: BTC), I highlighted a support level where the price is trading around that has the potential to end its decline and enco