How to pick stocks (Diversification and correlation)
4Hi! A short video about what I think to myself when I hear people ask/debate about how to pick stocks or what is the best investment plan.
Covers the basics of ideas of diversification, and picking non correlated assets and stocks to build out a balanced portfolio that should be able to weather market down turns and the unexpected.
Goes over the different market sectors in the GICS categories and we do a quick review of them. Everything discussed in this video also applies to cryptocurrencies and digital currencies.
Not financial advise, make sure you are getting info/data from various different sources.
Thank you and hope you enjoy! Take care
Links/Resources:
https://www.fool.com/investing/stock-market/market-sectors/
https://seekingalpha.com/article/262006-sector-and-asset-class-correlations
https://finviz.com/map.ashx