Best Stocks Under $100 to Buy NOW

Summary

Earn Your Leisure Podcast: "Best Stocks Under $100 to Buy NOW" – Detailed Summary

Episode Overview In this enlightening episode of the Earn Your Leisure podcast, hosts Rashad Bilal and Troy Millings delve into the lucrative realm of stock investing, specifically focusing on the best stocks priced under $100 that investors should consider purchasing immediately. Released on February 9, 2025, this episode blends financial expertise with engaging discussions, offering listeners actionable insights into building a robust investment portfolio without breaking the bank.

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1. Introduction to Affordable Stock Investing

The episode kicks off with a compelling conversation about the challenges investors face in today's volatile market, emphasizing the importance of identifying high-potential stocks that are reasonably priced.

Dan: "Any stocks under a hundred dollars that's worth buying?"
Timestamp: [04:16]

2. Highlighting Top Stocks Under $100

a. Nvidia (NVDA)

Mike advocates for Nvidia, especially when its stock dips below the $100 mark. He underscores the company's integral role in the AI revolution and anticipates significant growth in the coming years.

Mike: "Look for the best asset at the cheapest price and leave everything else alone."
Timestamp: [04:19]

He predicts a substantial price increase, stating, "And in three years when it's at $350, what will the excuse be?" suggesting investors should capitalize on current lower prices before the anticipated surge.

b. Advanced Micro Devices (AMD)

Despite a spirited debate between Troy and himself, Mike remains optimistic about AMD's potential. He highlights AMD's innovations and strategic positioning in the tech industry as key factors for future growth.

Mike: "AMD and Nvidia will be two great ones. The question is, will you execute and hold it for the next five years?"
Timestamp: [05:30]

c. Micron Technology (MU)

Ian introduces Micron as another promising stock, currently priced at $90. He emphasizes Micron's partnership with Nvidia in storage solutions, which is crucial for managing the vast data generated by AI technologies.

Ian: "Micron, which is sitting at 90. When these GPUs and all this AI needs to figure out where it's being stored, data storage is going to be important."
Timestamp: [05:32]

d. Dell Technologies (DELL)

Dell is discussed as a stalwart in data center infrastructure. Ian points out the company's advancements in cooling and rack systems, essential for supporting massive data operations fueled by AI.

Ian: "Dell is sitting at 100. This is one of those companies that's just been here for a long time but they're changing the way they're operating obviously now with the revolution AI."
Timestamp: [05:32]

3. Investment Strategies and Best Practices

a. Risk Management

Dan emphasizes the critical principle of not risking more than 10% of one's portfolio on individual trades to avoid irrational decision-making.

Dan: "You should definitely not risk more than 10 of your portfolio if you're trading."
Timestamp: [06:22]

He underscores this by illustrating that trading large portions of one's portfolio can lead to significant losses and emotional stress.

Dan: "If you got a hundred thousand dollars to invest in the stock market, you shouldn't. And trade $50,000."
Timestamp: [06:22]

Mike: "Mistake."
Timestamp: [06:46]

b. Long-Term Vision

The conversation shifts to the importance of having a long-term investment plan. Ian and Mike discuss how short-term thinking can derail investment goals, advocating for a mapped-out plan over the next five to ten years.

Ian: "People need to have that long term vision."
Timestamp: [07:00]

Mike: "Do you have your trading plan mapped out for the year and your investment plan for the next five or ten."
Timestamp: [07:01]

c. Asset Protection through LLCs

Dan introduces the concept of using Limited Liability Companies (LLCs) to protect personal assets when trading. He suggests that transferring trading accounts to an LLC can offer legal protection against potential lawsuits.

Dan: "You might want to consider using the LLC... You can create an LLC and move the registration of your trading account to an LLC. That would help potentially if you ever got sued."
Timestamp: [07:16]

Ian: "This is called asset protection."
Timestamp: [07:48]

Troy: "Especially when you... you should protect yourself at least."
Timestamp: [07:52]

d. Diversification and Position Sizing

Chris and Dan discuss the pitfalls of over-diversifying, which can dilute portfolio performance. They recommend focusing on a manageable number of high-conviction stocks to maximize returns.

Dan: "You don't want to overextend yourself in too many position stocks. That's gonna water down your performance."
Timestamp: [08:14]

Mike: "Yeah. You won't make any real money."
Timestamp: [08:32]

4. Conclusion and Final Insights

The hosts wrap up the discussion by reiterating the importance of strategic investment in undervalued stocks, coupled with disciplined risk management and long-term planning. They encourage listeners to execute their investment plans with conviction and patience, highlighting that well-researched, affordable stocks can yield substantial returns over time.

Chris: "Right."
Timestamp: [07:16]

Dan: "That's something to consider as well. Definitely."
Timestamp: [07:48]

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Key Takeaways

• Identify Value: Focus on high-potential stocks under $100 like Nvidia, AMD, Micron, and Dell.
• Risk Management: Limit exposure to individual trades to no more than 10% of your portfolio.
• Long-Term Planning: Develop and adhere to a comprehensive investment strategy spanning several years.
• Asset Protection: Utilize LLCs to safeguard personal assets from potential trading-related liabilities.
• Avoid Over-Diversification: Concentrate investments in a select few quality stocks to enhance portfolio performance.

Notable Quotes

• Mike at [04:19]: "Look for the best asset at the cheapest price and leave everything else alone."
• Dan at [06:22]: "You should definitely not risk more than 10 of your portfolio if you're trading."
• Ian at [05:32]: "Micron, which is sitting at 90... data storage is going to be important."
• Mike at [07:01]: "Do you have your trading plan mapped out for the year and your investment plan for the next five or ten."

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This episode of Earn Your Leisure serves as a vital resource for both novice and seasoned investors aiming to optimize their portfolios by investing in undervalued stocks while adhering to sound financial principles. By blending expert advice with practical strategies, Rashad Bilal and Troy Millings provide listeners with the tools necessary to navigate the complexities of the stock market effectively.

Transcript

[Ian]

Earners.

[Troy]

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[Dan]

Any stocks under a hundred dollars that's worth buying?

[Mike]

Yeah. Nvidia under when it gets like I'm being serious but all jokes aside, please write this down. Look for the best asset at the cheapest price and leave everything else alone. You guys do it. When you go car shopping, you don't even get no discount at Louie shout to the CEO gonna be there February 27th. Get a ticket now. But when the best assets in the world are on sale, that's what you should look to buy. Before the sock split, everyone was complaining that it's too high and now that it's a 118 people have concerns. And in three years when it's at 350, what will the excuse be? So if it dips underneath, I don't know, 100 flat 98 bucks at some point. Cool if you want to take a swing at amd even though Troy and I had a spirited debate, can't wait to see the thing pieces on it AMD and Nvidia will be two, two great ones. The question is, will you execute and hold it for the next five years? Stop talking about everything in a short term framework.

[Ian]

Yeah, that, that'll be the part.

[Chris]

Right.

[Ian]

Like people need to have that long term vision. Since you said those two, I will give two different ones. I will go with Micron, which is sitting at 90. Now obviously we talked about Nvidia. They are partnered with Nvidia in terms of storage. So like when these GPUs and all this AI needs to figure out where it's being stored. Data storage is going to be important. So micron sitting at 90. And Dell, we spoke about Dell. I spoke about that. In terms of the data center infrastructure, in terms of cooling, in terms of racks, Dell is sitting at 100. This is one of those, those companies that's just been here for a long time but they're changing the way they're operating obviously now with the revolution AI. Those are two that I would put obviously the ones you said for sure. And then those two are 190. So those are, those are two months.

[Dan]

Yeah. Some best practices. You should definitely not risk more than 10 of your portfolio if you're trading. That's important because that's going to lead to you making irrational decisions. If you got a hundred thousand dollars to invest in the stock market, you shouldn't. And trade $50,000.

[Mike]

Mistake.

[Dan]

Trade $10,000.

[Mike]

Yes.

[Chris]

Yeah.

[Dan]

Any disagreement with that?

[Chris]

No.

[Ian]

It speaks to a bigger issue of having a plan before you invest.

[Chris]

Right.

[Ian]

Like what is your plan?

[Mike]

That's the part. Yeah. Isn't a place where you can think day to day or week to week. You need to have your plan mapped out for the next five years. I said it at the mastermind. Like do you have your trading plan mapped out for the year and your investment plan for the next five or ten.

[Chris]

Right.

[Dan]

And then also as your account especially, but even earlier you might want to consider using the llc.

[Ian]

For sure.

[Mike]

For sure.

[Dan]

So you can change your registration like if you would Charles Schwab or Fidelity. You can create an LLC and move the registration of your trading account to an llc. That would help potentially if you ever got sued, lawsuit. You know, you don't, you don't really want to keep stuff in your personal name.

[Mike]

Yep.

[Dan]

That's, that's important.

[Ian]

This is called asset protection.

[Troy]

Especially when you.

[Ian]

And we saw a couple brokerage accounts that.

[Troy]

You should be listening to this Vice. Once you start hitting that fifty over.

[Ian]

A hundred thousand inside of that broker.

[Troy]

Protect yourself at least.

[Chris]

Yes.

[Mike]

People will try it.

[Chris]

No stopping.

[Dan]

Yeah, for sure. So that's something. That's something to consider as well. Definitely.

[Chris]

Yeah.

[Dan]

And then you don't want to overextend yourself in too many position stocks. That's gonna water down your performance. You got $300 and 89 different companies. Even if it goes up a hundred percent. Well, you made 300.

[Mike]

Yeah. You won't make any real money.

[Dan]

Yeah, yeah, yeah, yeah. Safe bet.

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