Adnan Rafique M.D.
The stock market remains volatile but I’m an investor not a trader, so my long term plan remains the same. Stay in the market with quality names. Patience and discipline reduce the pain in the stock market and give you steady returns for future wealth building. A lot of people in the stock market neither have patience nor have education and discipline, they are the ones who suffer the most because they sell when the market tanks and they buy when everyone is buying. I don’t try to time the market because I know that no one on this planet knows the future. The best strategy is to keep buying quality names when people are scared and take profit when everyone is buying the stock.
Few of my favorite stock market quotes are:
“Time in the market is more powerful than trying to time the market”
“The best time to invest in the market is yesterday and the second best time is today”
I’m very happy to say that most of my stock picks since May 2020 have been much better than stock picks from professional experts who charge exorbitant fees from their subscribers. I find pleasure in compiling this monthly list to help my friends and family pick up some good stocks for long term hold. I’m not right all the time but most of my picks have gone substantially up in the last two years. My own portfolio has given me returns north of 20% consistently over the last 5 years and more than 40% for the past 2 years. My long term goal is to achieve 15-20% return consistently in the stock market for myself and my friends over the next several years.
Below are some names I like to own and hold for 3-5 years.
TTD: The Trade Desk is one of the best digital advertising company with a very successful business model. It has generated over 2500% return in less than 5 years since its IPO. It recently split and continues to be a favorite for growth investors. With any market correction, this is one stock I'll be piling up in my portfolio.
DOCS: Doximity is a cloud based digital platform for medical professionals, this is one of the most recent IPOs with a solid balance sheet and a very successful business model. Being a healthcare provider myself, I see a huge potential in this recent IPO. I will be buying this stock with any pull back.
FIGS: Figs is another recent successful IPO. It designs and sells healthcare apparel like scrubs, lab coats, compression socks, etc. The market is very upbeat about this company as it has a potential to become a Lululemon of the healthcare industry.
CLX: Clorox is an old boring name but has been a consistent dividend name for a long time. With COVID coming under control, Clorox has come down nicely and can be a value name in your portfolio for a very long term. This is a defensive play with consistent growth and modest dividend. Definitely a good buy at this price.
PATH: Uipath is a software company focused on Robotics Process Automation, also called RPA. Automation is the future of industrial growth. This recent automation company has been a favorite of Cathie Woods of ARK Invest. Valuation is a bit on the high side and it can face intense competition from companies like Microsoft.
PKI: PerkinElmer, Inc. is a diagnostic and analytic company with good financials. It provides technologies to health sciences researchers to better understand disease and develop treatments. This company has recently acquired many smaller technologically advanced companies to boost their profitability.
XYL: Xylem engages in the design and manufacturing of water infrastructure. It also focuses on transportation, testing and treatment of water. It seems a little overvalued at this price but with any pull back this could be a great name to own for a long term steady growth.
RBLX: Roblox Corporation designs and develops the most popular online entertainment and gaming products, including 3D products. It was one of the largest IPOs in 2021, and with recent pullback, it has become an attractive play for my portfolio.
High-Risk High-Reward Stocks:
For those who have an increased appetite for risky names, below are some of those stocks.
I personally don’t hold more than 10% of my portfolio as risky stocks.
DiDi
Clov
BW
TTCF
EH
Please read my disclaimer carefully:
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE.
I’m not a professional security or investment advisor, please do your own research before investing in any equity and be fully aware of the risk of losing all your money in stock market and/OR in any other investment mentioned on this website.
My website has been prepared for informational and motivational purposes only and is not intended to be used as a complete source of information on any particular company. To the fullest extent of the law, I will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided on this website.
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References: Special thanks to Yahoo finance and Investopedia for providing research material.
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