Welcome to another insightful clip from Market Mondays! In this clip, our hosts Rashad Bilal, Troy Millings, and investor Ian Dunlap dive into an essential topic for all investors: the best stocks under $100 worth buying. Whether you're a seasoned investor or just starting, this discussion offers valuable insights into making informed investments.
*Time Stamps:*
00:00 - Are there any stocks under a hundred dollars worth buying?
00:04 - Ian Dunlap's take on Nvidia and AMD
01:15 - Troy Millings' picks: Micron and Dell
02:07 - Best practices for portfolio management
03:12 - Importance of using an LLC for trading accounts
04:14 - Avoiding overextension in multiple stocks
*Key Highlights:*
- **Nvidia (NVDA)**: Ian Dunlap emphasizes that Nvidia remains a compelling pick even after its stock split, noting that it's a promising long-term investment. He suggests that investors should consider buying Nvidia stocks, especially if they dip under $100. With Nvidia's current growth trajectory, it could reach $350 in a few years.
- **Advanced Micro Devices (AMD)**: Ian and Troy have a spirited debate on AMD, but they both agree it is a worthwhile investment. Like Nvidia, AMD is projected to perform well in the long-term, especially as the tech landscape continues to evolve.
- **Micron Technology (MU)**: Troy Millings highlights Micron's vital role in data storage, particularly in connection with GPUs and AI applications. With Micron priced around $90, it stands as a strategic investment for those interested in tech stocks.
- **Dell Technologies (DELL)**: Known for its reliability and adaptation to the AI revolution, Dell is another stock Troy recommends. Sitting at $100, Dell offers long-term growth potential, especially in data center infrastructure.
- **Best Practices for Trading**: Rashad and Ian stress the importance of not risking more than 10% of your portfolio on trades to avoid irrational decision-making. For instance, if you have $100,000 to invest, only $10,000 should be used for trading to maintain a balanced portfolio.
- **Use an LLC for Trading Accounts**: The hosts suggest setting up an LLC for your trading activities. This provides protection against lawsuits and helps manage risks better if you're handling significant amounts of money in brokerage accounts.
- **Consolidate Investments**: Rashad finishes by advising against spreading investments too thin across multiple stocks. Holding too many positions can dilute your returns and make it challenging to see meaningful gains.
This clip offers not only stock picks but also valuable advice on managing your portfolio and protecting your investments. Whether you're interested in Nvidia, AMD, Micron, or Dell, the goal is to make smart, informed decisions and hold these stocks with a long-term vision.
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