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[quote=Anonymous][quote=Anonymous] I bought AAPL when it was cheap. It's hard to guess what the next Apple is (maybe there isn't one), but I advise investing long-term in the magnificent 7. So many people hyperfocus on salary and ignore their investments. You hardly ever get rich with salary alone, OP. [/quote] This is why most people should not buy individual stocks: “You should buy the Magnificent Seven at sky-high valuations because they’ve done extremely well in the last decade!” Do you know what happened the last time tech stocks did extremely well (the dot-com boom)? The same stocks – as measured by the NASDAQ – dropped by 82%! Also, all the trends from the 90s reversed themselves over the next decade: international stocks outperformed US stocks, gold rose by 500% after not doing much previously, etc. How are you going to feel if your tech stocks drop by 82% over the next few years?[/quote]
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