BEST EV Stocks To Buy Now and My New EV Portfolio Revealed | Summary and Q&A

TL;DR

StockMo shares his brand new EV stock portfolio with over 100k subscribers and discusses the potential of the EV market.

Key Insights

• 👶 StockMo's new portfolio focuses solely on EV stocks, reflecting his optimism about the future of the industry.
• 🙈 He sees both China and the United States as key players in the EV market, especially with Biden's supportive policies.
• 😪 StockMo believes in buying stocks on red days and taking a long-term perspective for maximum growth potential.
• ❓ Chinese EV companies, like NIO and XPEV, are a significant part of StockMo's portfolio due to their government support and potential for growth.
• 🧘 Tesla remains a top pick for StockMo due to its dominant position in the EV market and its potential for expansion into other areas.
• 🌱 StockMo plans to expand his portfolio to include more diverse EV stocks from around the world.
• ☄️ He anticipates positive market movements in the coming weeks due to vaccine results and the potential for a stimulus package.

Transcript

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Questions & Answers

Q: Why did StockMo decide to create a new portfolio specifically for EV stocks?

StockMo saw significant potential in the EV market, especially with Biden's support and the growing interest from big investors. Creating a separate portfolio helps him focus on this specific industry.

Q: What is StockMo's approach to buying stocks?

StockMo prefers to buy stocks on red days, when others are selling and the prices are lower. He believes in the long-term growth of these stocks and aims to take advantage of any dips in price.

Q: Why did StockMo choose Chinese EV companies for his portfolio?

StockMo believes that Chinese EV companies, like NIO and XPEV, have strong government backing and are well-positioned to compete in the industry. He also plans to add companies from other parts of the world as they become more competitive.

Q: How does StockMo plan to manage his portfolio in terms of selling stocks?

StockMo intends to hold his EV stocks for at least a year to qualify for long-term capital gains tax. The only exception would be if any stocks perform poorly and he can take a tax loss, in which case he might consider selling them.

Summary & Key Takeaways

• StockMo celebrates reaching 100k subscribers by sharing his new EV stock portfolio that he has invested a significant amount of money in.

• He emphasizes the potential growth of the EV market in both China and the United States, especially with Biden's focus on the industry.

• StockMo discusses the stocks he has invested in, including NIO, XPEV, TSLA, and BYD, and explains his strategy of buying on red days.