The stock market looks pretty gloomy. When I open up my investment accounts, yes…it hurts. But still, I keep calm and invest on 🙂
I love Netflix, so much 🙂 But I recently just sold the stock. Why? They’ve created some great original content, true. The price they paid? HIGH. In order to make money, you must spend money. Valid, true. But, I have a feeling it has the same fate as Snapchat. A much bigger and more profitable company will outrank you. All of Snaps original features, Facebook took them and made them even better. I personally can’t stand Facebook and I hate that they took over Instagram. Facts are, big fish will always eat the little fish. But who knows, Netflix has room to expand and grow in other countries. They can easily hike up their prices for more cash flow. Or create a great movie and put it in theaters first. It’s just a little too risky for me.
I have a couple of new stocks I’d like to add to my portfolio.
I have my eye on Disney currently. They have been working on becoming your go-to for media streaming. Disney is a BIG FISH. They’ve been around for a long time and have continued to evolve with the times. They are going to move all their movies off Netflix and of course, start adding Disney created content to their platform. Netflix is in the red. Sure they have periods of upside…but Disney overall is a strong company.
Twitter. I didn’t get in when I should have. Like Amazon. But I still think both companies have a potential for more growth. I won’t buy Amazon because it’s obviously not on the dip for me (price has gone down but $1500 a share is too much for me. Amazon is still a great buy. They are expanding Whole Foods in 2019 and Alexa will only get smarter). As for Twitter, they are working on their “live” feature. Its platform is unique. Therefore I see more expansion. I can afford to invest $500 @ about $35 a share. At the same time, I can afford to lose what I’m willing to invest.
I know the stock market is unstable. Dare I say a possible recession? If I’ve learned anything since 2008, it’s buy at the dip and stay in the market.
It’s a new year so I’ll be rebalancing my 401K and other investments. A good time for everyone too. And if you’re not in the stock market, I can’t stress this enough. GET IN.
Disclaimer – do your research. There is no guarantee Disney or Twitter will make you money. There’s also no guarantee that you won’t lose most of your money either. These are solely my own thoughts.