BetterInvesting board of directors member Julie Werner’s a regular on CNBC’s “Closing Bell Investment Club” and when the stock market hit the heights on Nov. 30, she was there to give an update on her investments. These days, Julie says she’s sitting back and just “letting her portfolio go.”
As an individual investor who puts her money in equities for the long term, Julie says, she can’t compete with “the big boys,” but opts for solid, quality companies. She did, however, skim off some profits in January and recently.
“I’m just kind of letting my profits run,” she said.
January was also the last time she bought some new stocks, including Calavo Growers (ticker: CVGW) and Fox Factory Holdings (FOXF).
Julie, who teaches investment classes, won’t be adding any bitcoins to the mix, however, because she says she doesn’t know how they can be accurately valued.
“The biggest mistake usually individual investors make is they may buy the best company but if they overpay for it, it’s usually not the best investment over the short term. Let other people risk their money doing that (buying bitcoins),” Julie told CNBC.
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was borne out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at www.betterinvesting.org or call toll free (877) 275-6242.
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