The Worst Stock in My Portfolio (2020)
#BadStocks #Investment #Portfolio
The worst stocks in my investment portfolio
Everything about business is centred on profits and losses, and even the best investors and businessmen have some of their failed businesses. For me, there are some stocks I would rather have stopped myself from investing in. This does not mean I am always wrong, and it only means I may also be prone to mistakes as a human.
The worst stocks I currently have in my portfolio in no particular order are:
WYNN RESORTS LTD (WYNN): I have lost some money, but there is no loss if I have not sold yet. Here are some of the reasons I went into the stock. I felt that whenever I purchased these stocks for under a hundred dollars, I made a good deal. They had the best in terms of high-end gaming. Very important personalities came to their exquisite spas and malls, and other facilities they had to offer.
NORDIC AMERICAN TANKER (NAT): This stock is not as bad as it looks though because it paid out some dividends to some of its investors, and I got mine, but it has not quite reached its heights in terms of investments.
NORDSTROM INC (JWN):. The stock had potentials that I believed would yield results. Their profit margins have not been so bad. Maybe they dropped a little bit, like most other companies but they are sure to come back stronger by the end of the year and maybe next year, making them an ideal long-term investment.
CARNIVAL CORP (CCL): This may well be the worst stock in my portfolio right now. I think I got into the stock at a very bad time when all travel started getting suspended and market volatility started going out of control. I am extra careful not to buy more stocks now considering the volatility and uncertainty of the stock market and this particular company's stock prices.
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