2019-12-24 01:11:50
If my portfolio was in a Roth IRA with say Etrade it would be a lifetime 10% pick.If you look at the portfolio of every major mutual fund it's in their top 15 picks. Probably as Microsoft is close to a trillion-dollar company. With 6,000 funds buying 3,000 stocks and they can't go over 5% in a company due to legal restrictions. So they can't buy tons of “Dollar Tree”. Their funds are weighted to the S&P giants.Buffet says,” buy a great fund for a fair price and never sell.” And more importantly, buy more at each market correction.My one stock is a 10% position in Apple. I bought in the last “big” correction at $75. It's beating the S&P where I keep the rest of my money (FXAIX, a cheap 0.015% CR).Interestingly the Robinhood top 20 stocks are beating the S&P. Millenials are passion buying ”Dube” stocks, etc. It's likely they are buying stocks over looked by the “big computers”.Their capitalism still “grows” if growing Mary Jane counts.Yesterday's hippies are tomorrows capitalists. Just look at Ben and Jerrys.To funny.
