I have saved enough to invest $1000 every week for next 10 years. Any suggestions what stocks should I have in my 10 yr portfolio? So far, I have these 5: Aapl, Square, McDonald's, Splunk, and Disney. I don’t want to have more than 10 stocks.

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If you are trying to retire on this definitely look to add a portion of your portfolio in dividend stocks/etfs/funds - would try to add this in your retirement accounts Bc it’s tax advantage and won’t be taxed on this income. Either DRIP these or reinvest in other things you have researched. Overall, the comments on diversification and using etfs/mutual funds are right IMO. I would research a couple good ones (I’ve found vanguard/fidelity are the best with lowest cost) and contribute to those. You’ll thank yourself in 30 years.

With a ten year horizon think of stocks that are leading the future and companies actively leaning I to it. My focus is on 1. Digital/internet/e-commerce, 2. gene editing, 3. meat substitutes / food security, 4. clean energy/EV, 5. Space Select a portfolio out of those. On 1, for example, I like SQ, SHOP, JMIA, SFIX, AMZN, SE, MELI, NET, WORK, now CRM, MDB Many I feel are overpriced (e.g., Amazon) but with a ten year horizon you'll still do well getting in. Some are massively underpriced (even with recent appreciation) if you look out 10 years (e.g. JMIA.) A note on your deployment approach. If you have $1.2M dry powder look to establish positions early rather than deploying over ten years. You'll lose a lot on time value of money. Look for dips (esp. smaller more volatile stocks like JMIA and buy heavily when they do.) What were you planning on doing with the money that would've been deployed in year 9? Sitting as cash means you lose money... Also, consider deploying by selling puts to enter at lower prices (or making some money if it doesn't hit.)

smart
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Please tell me you’re not currently sitting on half a million and planning to DCA it over the next 10 years.

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DCA is the go to method for crypto investing though...

SPY, VOO, QQQ. If you don’t know much about stonks play it safe and long!

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Wrong

Just to clarify: The investments I have so far helped my spouse and me reach a net worth of $1M. I will keep those investments as is. With some savings on the side ($50,000)+ plus monthly savings from our salaries, we are planning to invest $1000 a week for the next 10 yrs. My goal is to reach a net worth of $10 M by 2030. I know it's aggressive, but that's why I am here to get some guidance.

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What investments help you reach 1MN, and how long did you take?

Sign up for Motley fool stock advisor service it’s 150 bucks a year and I’ve made multiples of my initial investment over the years, highly recommend it especially if you’re a casual trader like me.

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A3 you benefitted from motley fool. All of their stock recommendations are already so highly priced.

TQQQ and SPXL all day

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Do not just mindlessly dump money in index funds. Do a little research

funnyuplifting

Mindlessly dumping money in index funds would be far better than trying to engineer 10 stocks to put half a million in lol

likesmart

I second SPY and will add VTSAX.

likehelpful

Why don’t you want to have a diversified portfolio?

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Diversification can increase your expected returns and reduce your expected variance. Simply taking on more risk does not necessarily increase your expected payoff

Put 5% on weed / Chinese EV / Bitcoin as your homerun opportunities

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I built a specific EV based portfolio since March 2020, primarily Tesla (holding from march), NIO and Xpeng (holding from September). This has returns of close to 300% now. (Attached pic). Also I’ve another portfolio for Airlines purchased when they dropped less than $10 during Covid. They’ve already crossed 200% and expecting to grow bigger after travel normalizes. If you’re looking for aggressive returns and ready to take the risk, go for Airlines and EV stocks now. They’re on a crazy ride. But keep a stop clock amount for yourself and check out when it reaches, else you’ll lose the money when the bubble bursts.

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How long do you expect NIO to grow or till what price?

Go booku on weed stocks

Amazon

Vanguard is very good - with long terms investing returns are obviously important, but minimising trading / portfolio costs is also essential. Vanguard has some of the lowest costs in the industry at 0.2%

ARKK, PSTH, CELH and IPOB are what I own currently for growth stocks in addition to TSLA

What is a healthy amount of cash folks typically keep in their checking account?

I try to move it out every few months. Keep my emergency fund in Marcus, keep enough in checking to cover next credit card bill and rent, then push the rest over to brokerage

If you have that much saved I’d recommend hiring a financial advisor!

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