Buy Lakers Stock
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Owning a sports club is way too expensive for most people, but if you still want to get a piece of the pie, try investing in these sports stocks. It may seem like these companies are swimming in money because professional athletes get multi-million dollar contracts and sports teams boast ridiculous valuations. But the reality is that just like any other company, the equipment makers, broadcasters and sponsors of professional sports face fierce competition. Here are some tips to keep in mind when investing in sport stocks:
Some sports are played year-round, but are only popular at certain times of the year. Getting to know the schedule, especially when the playoffs take place can give you a leg up on the competition. For example, late fall or early winter might be a good time to look at an NBA stock, and around September might be a good time to look at an NFL stock. Contrarily, the off-season might be a good time to buy depending on sponsorship deals or player events.
We have been tracking ALL of the Motley Fool stock picks since January 2016. That's over 5 years and over 120 stock picks. As of July 24, 2021, 19 of their 24 stocks picks from 2020 are up with an average return of 93% compared to the SP500's 41%.
In addition, their 2019 stock picks are up 126%; their 2018 stock picks are up 253%; their 2017 stocks are up 223% and amazingly their 2016 stock picks are up 462%. The Motley Fool has done so well because they have quickly identified stocks each year that will perform well in the current environment. They adapt and constantly pick stocks before everyone else realizes the opportunities. Now they are starting to pick stocks that will do well in the post-Covid world and Biden presidency. 041b061a72