I was about to move my mutual funds into one or two stocks before my last long trip. I would have been buying AAPL at 170ish. Someone in finance told me to keep my money in mutual funds as it wasn't as volatile and a better investment. I wish I could remember who, so I could punch them.
Anyway, finally got around to moving stuff around recently. I'm sure there is some risk to AAPL right now and not diversifying, but not enough to keep me out of 50% earnings over the last 3 months and forecasters calling for at least another 100 pts this year. Anyone see this not outperforming most everythiong?
And for me, if you're under 30 and don't have a family, mutual funds seem like a terrible idea. The small amount you're likely investing isn't going to amount to much more with 5-8% annual earnings. By the time you're ready to sell, you won't think much of the amount you've earned. At least with some more aggressive stocks you have a chance of making some earnings which will help you with a car or down payment.