Buying at new highs has a better win ratio than attempting to buy at lows, says Fundstrat's Tom Lee

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Published 2024-06-21
Tom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Power Lunch' to discuss markets, investing timeliness, and the equity market.

All Comments (21)
  • Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.
  • @ShirlPigram
    The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.
  • @Aurierserge50
    This is pure gold, I have my money in TSLA and about 17 individual stocks, mostly dividend paying companies as well as a few growth names like Microsoft, Amazon, CrowdStrike and then about 10% in Bitcoin.
  • @AlichGeorge
    Larry Burkett's book on "Giving and Tithing" drew me closer to God and helped my spirituality. 2020 was a year I literally lived it. I cashed in my life savings and gave it all away. My total giving amounted to 40,000 dollars. Everyone thought I was delusional. Today, 1 receive 85,000 dollars every two months. I have a property in Calabasas, CA, and travel a lot. God has promoted me more than once and opened doors for me to live beyond my dreams. God kept to his promises to and for me
  • I did lots of backtesting and found that 20% SCHD/DGRO, 20% VGT/QQQ/SCHG 20% VOO and 40% bonds or 4%+ money market matches the growth of SP500 in up years but reduces the losses in down years by 40-60%. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
  • @Beatricegove733
    I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
  • @radixbobby
    Tom Lee has not missed in the last couple years. He has called it to a tee. Bulls - here is your green light to continue hammering equities
  • @Donaldsmith109
    AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
  • @nicfeller
    LET HIM COOK! GIVE HIM HIS OWN 24 HOUR SHOW!
  • @Doracox22
    My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. By doing this, I have managed to grow my portfolio to $500k.
  • @andrewlee1275
    I love Tom Lee; no matter how surprised I am with his bullishness. He still is right.
  • 80% stocks 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate $200k stock/bond portfolio for substantial gains at minimum risk of inflation.
  • I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
  • @judynewsom1902
    But I know at some point a bull market ends and a bear begins, it goes on and on... I have a 7 figure ballpark goal and I intend spreading across maybe 50k - 150k on plummeting stocks, my question is how can I know when a market bottom has been reached?
  • @bourbontraveler
    Tom said the s&p would hit 5500 by the end of this month a few weeks ago He was right once again
  • @amdave76
    Tom Lee has been right for years now.
  • @Blitcliffe
    Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
  • @mikev4373
    Tom is correct…we will see new highs reached for the next 5 years with minor corrections along the way. Mid business cycle is the truth.