Just as the title says. What do you guys think? I’m relatively new to the market and I’m still learning, I’m by no means an expert at reading an earnings sheet or a 10q/10k or anything of that nature. I plan on continuing to learn this so I can fully break down a business before I invest, but I’m also a huge believer in investing on “trends” if you will.
My thinking is no matter how much I educate myself on the numbers side, I won’t have any advantage on the professional analysts/traders who have been in the game 20 years. But these people are so detached from normal day to day life, I believe I DO have an advantage in terms of spotting things before they get to Wall Street. Being a young millennial and active in social media and what not I feel as if we can spot trends sooner. I remember a few years ago I had no money to invest but seeing tesla and snapchat and thinking those two were going to be huge. The other night I saw Steph Curry unveil his newest shoes during game 1 of the NBA finals. I looked into who made them. Under armour ($UAA). Then I looked at under armor, they have signed Jordan Speith, Bryce Harper, Steph Curry and Tom Brady. All one of the 3 most popular players in their respective sports.
Then I went onto twitter and searched the hashtag Curry 4’s (the new shoes he just unveiled) to gauge people’s reactions on social media and read through a couple hundred tweets, which were very positive reactions. Keep in mind his first 3 shoes were not received well at all so these were the first big “win” on social media for Curry’s.
After seeing all these things, and seeing an October release for the new shoes (just in time for Christmas) I decided to buy into under armour. I did all these within 48 hours of the show being unveiled. What do you guys think of this type of investing, attempting to invest based on products/apps/social media platforms you think will be huge versus just breaking down the financials?
submitted by /u/ThaDude915
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June 08, 2017 at 05:13AM
from /u/ThaDude915
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