Welcome to my first ask me anything mailbag! Every so often I want to take a handful of emails I get — send your questions to firstname.lastname@example.org — and do a response video so we can discuss your questions further.
So far I’ve gotten a few hellos from old friends who followed me in previous stops, as well as a couple of great questions this week.
I really enjoy your videos and commentary on the markets. Your experience and knowledge and common sense are so welcome.
I must thank you for pointing out a SPAC on your show several weeks ago. I was intrigued by it and bought KCAC at $14.00, so you have given me a great return in a short time. It now trades under the symbol “QS” as you more than likely know.
I sure hope that you bought some for yourself. It is difficult to know what will happen to this stock going forward, but I am going to hold it for the long term, as it is a small position.
Once again, much thanks,
Tom, thanks a ton for reaching and for the kind words! It’s always great to hear about people’s successes from plays I recommend — it’s a big reason why I left being a broadcast journalist to do this.
So Tom wants to hold this stock long-term, as he pointed out in his mailbag email. Of course, it’s up to each and every one of you to make your own personal decisions on when to buy and sell your stocks — I am not a financial adviser.
We should base these decisions on our own timeframes, the size of our portfolios, the size of the position, our financial goals and of course our own tolerance for risk.
One thing we should remember with highly speculative stocks is they can move sharply higher — but they don’t always hold these suddenly higher prices. Sometimes it’s best to take your money and run when you can.
Check out my short video below where I’ll dive deeper into this interesting topic.
How do I hedge my portfolio to remove or greatly reduce the risk of owning the FANG stocks or any stocks
Ah, the age-old question that dogs every investor. In some ways, it’s easier answered in spirit than accomplished in reality.
Many of us have a lot of money in FANG stocks — Facebook Inc. (Nasdaq: FB), Amazon.com Inc. (Nasdaq: AMZN), Apple Inc. (Nasdaq: AAPL), Netflix Inc. (Nasdaq: NFLX) and Google parent company Alphabet Inc. Class A (Nasdaq: GOOGL).
They’ve had a great run the past few years. The short answer, BP, is you have limited ways to really hedge your portfolio. You can reduce your risk but as everything in the stock market, that carries a cost.
Check out my short video and let’s tackle these great questions in full detail.
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