2 Stocks I Bought This Week
Using a slight variation of a technique co-developed by Motley Fool co-founder David Gardner known as the Gardner-Kretzmann Continuum, I focus on 35 "core" holdings that I steadily dollar-cost average into over time. I chose 35 stocks because I am 35 years old -- allowing me to maintain a Gardner-Kretzmann Continuum score of 1. This gives me a healthy selection of my favorite investments to choose between for my weekly additions without being too overwhelming to keep track of quarter after quarter.
While the S 500 index is now down almost 10% from its 52-week highs, two of my core holdings have seen their share prices dip 24% and 25% from their 52-week highs. Here's why I'm adding to ASML (NASDAQ: ASML) and Kinsale Capital Group (NYSE: KNSL) and holding for as long as possible.
Through its deep ultraviolet (DUV) and extreme ultraviolet (EUV) lithography, ASML has mastered the process of using light projections to etch infinitesimal patterns onto silicon wafers used in semiconductor chips.
Source Fool.com
