2018 Preview
I’ve been consistently bullish for the past 18 months and written about it several times on this blog. Here are the highlights: 1) In April 2016, when the Dow was 17,500, I made a call for Dow 20,000 by the end of 2016 for the following reasons: Psychology, Market Resilience, Improving Breadth, and the Fed. 2) In July 2016, after the Brexit event, I wrote that we were starting a NEW Bull Market. 3) In [...]
Always Cut Your Losses!
In the past month, I have received the same blueprint email from about 10-20 readers of my blog. The email basically says: Dear Joe, I bought XYZ stock a while ago and I am down big. What should I do? I don’t respond to these emails because I can neither give financial advice over email nor do I know ANYTHING about the person emailing me (such as age, financial objectives, risk tolerance, etc.). The only [...]
The American Dream
“In 1923, seven men who had made it to the top of the financial success pyramid met together at the Edgewater Hotel in Chicago. Collectively, they controlled more wealth than the entire United States Treasury, and for years the media had held them up as examples of success. Who were they? Charles M. Schwab, president of the world’s largest steel company; Arthur Cutten, the greatest wheat speculator of his day; Richard Whitney, president of the [...]
Can You Have the Best of Both Worlds?
There is a never-ending debate in the financial world about passive vs. active investing. As an active manager, you would think I’m about to bash passive investing, but the honest truth is I think there is room for both strategies in everyone’s portfolio. Here’s the problem: Everyone wants the best of both worlds. When the market goes up, they want to sit passively in their investments and watch their money grow. However, when a correction [...]
Three Growth Stocks For 2018
As an active money manager, I pride myself in finding stocks that I feel can outperform the market and in turn help me outperform for clients. The following are three growth stocks from three different market caps that have strong potential in 2018. 1) LARGE CAP IDEA: Amazon (Symbol: AMZN, current price $1162) – Of all the mega-cap growth stocks, Amazon still has the biggest potential because the retail market they are going after is [...]
VIDEO: Yahoo Finance Final Round Show 11/28/17
Here is the video clip from my appearance on Yahoo Finance's Final Round show on 11/28/17. I joined host Jen Rogers to discuss the factors that could keep this Bull Market moving higher. I can be reached at: jfahmy@zorcapital.com