5 Stocks Under $10 From Tom Yeung’s Profit Protection
This article is excerpted from Tom Yeung’s Profit Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . When we at InvestorPlace launched Tom Yeung’s Profit Protection earlier this year, I knew that markets were in for a rough ride. Oil had reached multi-year highs and “inflation” was starting to mean more than my pandemic-related pounds. But the stress on ordinary Americans has been a surprise, even for yours truly. Real estate prices are now so high that someone earning a starting salary in Chicago would need two roommates to afford the average 1-bedroom apartment. In New York City, that person would need four. Career professionals are also feeling the heat. Inflation is eating away at 401(k) values — leaving savers with less than before — while blue chips from Amazon ( AMZN ) to the Vanguard Long-Term Corporate Bond ETF ( VCLT ) have fallen a quarter this year. Stagflation fears are even making me lose my appetite. Some Conservatism Goes a Long Way But the quality-growth picks of Profit Protection’s core list have done remarkably well. 3D printing firm Desktop Metal ( DM ) is up 25% since May, while online discount retailer RealReal ( REAL ) is up 15%.
5 Stocks Under $10 From Tom Yeung’s Profit Protection
This article is excerpted from Tom Yeung’s Profit Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . When we at InvestorPlace launched Tom Yeung’s Profit Protection earlier this year, I knew that markets were in for a rough ride. Oil had reached multi-year highs and “inflation” was starting to mean more than my pandemic-related pounds. But the stress on ordinary Americans has been a surprise, even for yours truly. Real estate prices are now so high that someone earning a starting salary in Chicago would need two roommates to afford the average 1-bedroom apartment. In New York City, that person would need four. Career professionals are also feeling the heat. Inflation is eating away at 401(k) values — leaving savers with less than before — while blue chips from Amazon ( AMZN ) to the Vanguard Long-Term Corporate Bond ETF ( VCLT ) have fallen a quarter this year. Stagflation fears are even making me lose my appetite. Some Conservatism Goes a Long Way But the quality-growth picks of Profit Protection’s core list have done remarkably well. 3D printing firm Desktop Metal ( DM ) is up 25% since May, while online discount retailer RealReal ( REAL ) is up 15%.