If you invested in stocks with only one letter in their stock symbol, you would be invested in 24 very diverse stocks.

[resjudicata]

@stevejames good point haha

 

[pilgrim73]

@resjudicata That's part of it, but its also the sheer randomness of it. For example, P for Pandora Media was founded in 2006. It creates a very diverse portfolio without needing a financial advisor.

 

[huntinheros]

@pilgrim73 Well I have T and F so far. Both good dividend companies.

Just need W.

 

[thedrumheadspod]

@huntinheros For The Win!

 

[resjudicata]

@thedrumheadspod WTF? i don't get it....

 

[southwest]

@thedrumheadspod That Feeling When...

 

[tanakh1]

@pilgrim73 Great move Morty, uhhhh, stick to what you know, your dad is an idiot Morty, come on

 

[pilgrim73]

@tanakh1 How is this investment strategy different from any other? This makes you diversified, and the market tends to move up and down as a whole. I assume you've heard that randomly picking stocks works just as well as actually looking at the numbers.

 

[vnct0000]

@pilgrim73 As a whole. As in lots of random sets. That's very different than an individual with 1 random set.

 

[resjudicata]

@pilgrim73 Maybe the dumbest thread to come across these here parts since the reign of Momento111.

 

[resjudicata]

Dorothy Memento111 is a saint!

 

[pilgrim73]

@resjudicata All of these investments are diverse, and are just as valid as any other strategy. I don't have the money to invest now, but when I do I'll invest in these stocks.

 

[der]

@pilgrim73 Or you could just invest in an index fund since your argument is literally that this strategy is similar to investing in an index fund.

 

[pilgrim73]

@der Yea, I'll probably end up doing that. But if there was a fund of only single letter stock symbols, I'd invest in that.

 

[mustard_seed]

@pilgrim73 I thought you were making a 'random walk' point, but it turns out /@olivef63 was correct. You are indeed thicker than two planks.

 

[vnct0000]

@pilgrim73 Indexes will be much easier to manage. Imagine manually maintaining the desired ratios of these stocks.

 

[ginaxmill]

@vnct0000 I'm I'm not mistaken a brokerage like motif will do that for you.

 

[kimx]

@pilgrim73 Neat!

 

[saturnsteve]

@pilgrim73 i found this to be mildly interesting. thanks!

 

[mikefromuniontown]

@pilgrim73 I admit to having being swayed by some of these only because it seems classy to have a one-letter symbol.