Welcome to my real-money portfolio!
With funding from The Motley Fool, I'm going to try to beat the market and explain exactly what I'm doing in simple terms every step of the way.
My wheelhouse is banking and financials -- hence my initial buys were JPMorgan
But here's the caveat -- I'm looking for the no-brainers. I'm trying to identify simple investing theses (though not necessarily simple companies) in stocks that the market is placing in its clearance bin. For example, in my write-up on B of A and JPMorgan, my buy thesis boils down to the market punishing the two banks for scary but ultimately overblown headlines.
To paraphrase Warren Buffett, if an idea has to be taken out to three decimal places, it's probably not a good idea.
Watch the video below for more. And then visit my real-money portfolio page.
Anand Chokkavelu owns shares of Bank of America, JPMorgan, and Citigroup. The Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.