Our mint chip disaster

The most expensive option might not be the best Hey there! Markay here. This week in parenting, we learned some things aren’t all they’re cracked up to be. Take ice cream for example. The other day, we had a gift card for Cold Stone Creamery. This is one of those fancy ice cream places that let you load up on as many toppings as you like, then they mix it all together right in front of you. When ordering, my young son carefully pondered his choices, and then asked for a few of his favorite things. He got mint chip ice cream with Kit Kats, rainbow sprinkles... and coconut. Unfortunately, they were already mixing his dish before I could direct him to more complimentary flavors, so it was what it was. He took one bite… and hated it. So while this concoction was fully loaded and kind of expensive… We learned the hard way that it wasn’t that great. In the end, he was ok - I consoled him by sharing my cookie dough and chocolate mix.  But he realized he would rather have had just plain ol’ mint chip from the grocery store - it would have been more enjoyment at a fraction of the price. Poor little guy. Here’s the thing. This isn’t only applicable to the ice cream world. It happens with stocks, too. Take, for example, Nvidia (NVDA). This computer hardware company has been a huge success story for a few years now. They went public at $19.69 in 1999… and then climbed to an all time high closing price of 573.86 this month - exciting many an investor in the process. They’ve had a little trouble the last two weeks, but they’re still going strong.   And yes, they offer lots of exciting things. Their volatility creates lots of opportunity if you know what you’re doing. But that doesn’t mean you should jump on the Nvidia train anytime soon. Why’s that? Well, to my mind, they’ve become much too expensive for the average person. Sure, you could jump in with a fractional share, or even a few shares, but is that enough to really move the needle for you? I don’t think so. Fortunately, there are a few alternatives in that space that you could check out no matter what level you invest at. Look at Taiwan Semiconductor (TSM). Founded back in 1987, they’ve also risen steadily, and you can get in at a much more comfortable $81-82 per share price point. You could also check out AMD. They also make processors and graphics cards and while they don’t have the same movement that Nvidia does, they’re still a very viable alternative and a good way to get started trading in this sector. There’s also Qualcomm (QCOM). They’re an old favorite of mine, and for good reason. I had one of my most profitable trades ever with them, and they’re currently coming in at around $115 a share. These choices aren’t the hottest names on the block, but you can still trade them really successfully! So, as you can see, going for the most popular and expensive choice isn’t always the best move. Whether you’re picking ice cream or picking stocks, you’ve got to take more into consideration than just what’s trending. This means you need an idea of what it is you like… And a trading strategy that takes more into consideration than just what’s on the front page of the Wall Street Journal. If you’re still working on developing a trading strategy of your own, you might want to check out my friend Rob Booker’s special presentation today. He’ll be sharing what he considers to be the PERFECT strategy - and it works even in this strange time we’re going through. [Click here to check it out]( (Clicking automatically registers you. [Privacy policy]( He’ll show you how you could place just ONE trade every seven days and wind up with a six-figure sum in just a couple of months! I hope I’ll "see" you there today, but right now I’m off to break up a kid argument. Chat soon! Markay Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.   WealthPress, 495 Town Plaza Ave, Ponte Vedra, FL 32081, United States [Update your subscription]( — [Unsubscribe](