I Invest in the Stocks I Like and Use
Not what investors are telling me to do.
Famous investor Warren Buffett once said:
“Never invest in a business you cannot understand.”
At first, I didn’t know what he was talking about. There again, I didn’t know much about the stock market or investing in general.
But I kept learning and began my investing journey myself on Dec. 30 through the Robinhood app. And it’s been up ever since.
Before diving into the stock market world, I told myself to invest in what I like. It’s what I know and products and companies I use.
Why wouldn’t I do that?
Investing What You Like Is the Best
Sure, everyone says to invest in large companies like Tesla or Apple. That may be a good thing, but why not invest in companies and products you use and enjoy.
Take myself for example.
Thus, I invest in several companies I like because I use them quite frequently. These include:
- McDonald’s
- Disney
- Coca-Cola
- Amazon
As of now, I hold $1 each in fractional shares with each company. It’s not a bad start and I plan to invest in them more.
I know who these companies are as I use them quite often. I like them a lot, so it would make sense to invest in them and gain some money back over time.
I know this isn’t the best strategy around, but it’s helping me so far. I know I will help you too.
Invest in Ever-Growing Stocks
Another tip I’ve learned in these early stages of investing is that I should invest in stocks that will be growing forever.
Or have a steady growth rate over time.
Some of these companies include:
- Microsoft
- Ford Motor
- GoPro
- Bed Bath and Beyond
- Home Depot
- And so many more.
Investing in these companies will help you too because they will always be growing. And your money will always be growing too.
You may not care for this strategy either but think about it. It may just be what turns your investing life around.
Closing Thoughts
I know I’m not an expert investor. I probably will never ever be anywhere near that status.
Nevertheless, I’m learning about the wonderful world of investing and stock markets. And I want to help you guys too.
If you want to talk about these strategies or anything else even further, comment, and let’s chat! I’m always open to talking with over investors.
In the meantime, take these tips with a grain of salt.
- Investing what you like is the best.
- Invest in ever-growing stocks.
I know you will find luck and joy in the investing world. I have so far.
You just have to get started today.
Happy investing!
Noah Nelson is a senior at the University of Illinois at Urbana-Champaign majoring in journalism with minors in political science and history. He serves as a senior columnist for The Daily Illini, a writer on Medium and the host of his blog called Nothing But Noah. “Life: A Collection of Short Stories” is his first book available now on Amazon. Like what you read? You can write for Medium too!