Here's Why This Is Now My Single Largest Stock Investment
At the start of 2020, my stock portfolio looked quite a bit different than it does today. I owned mostly "safe" stocks, largely ignoring the fast-growing tech companies that dominate the headlines. At the time, my top stock investments were tech-giant Apple (NASDAQ: AAPL) and a few real estate investment trusts, or REITs, with rock-solid cash flow and steady growth.
Then, the COVID-19 pandemic and the resulting market panic happened, and I found myself staring at a once-in-a-generation buying opportunity. I ended up putting more money into new stock positions in the second and third quarters of 2020 than in any six-month period before. One stock, in particular, that I thought was an interesting bargain was Pinterest (NYSE: PINS), the social media company that did things a bit differently than its larger siblings and had been largely neglected by investors since its 2019 IPO.
To be clear, I hadn't planned on Pinterest becoming my largest stock investment. When the market was crashing, I invested enough to make it what I consider a "full" position -- but then something happened. Pinterest started to deliver incredibly impressive numbers, and the stock has more than tripled in just over seven months since then. Now I own more Pinterest stock than any other company and have no plans to sell a single share. Here's why.
Source Fool.com
