wrote this in 2021. I wonder if the situation is the same today.
Recently, I wrote about how this prominent robo-advisory in my country, Syfe was intending to launch fractional trading of U.S stocks and ETFs. This aroused the interest of many a Singaporean, not least because Syfe hyped things up with its iPhone 13 giveaway campaign. Apparently, ten individuals who liked its post and posted an answer about the first U.S stock they would purchase on Syfe will receive an iPhone 13. So I sought advice from my readers here, hoping to capitalise collective intelligence.
Anyway, I checked out my "competition", just to see what kinds of answers they were giving. I didn't want to write the same answer as them, for this would not make my answer stand out in front of their judges. So, I "stalked" Syfe's IG page and compiled this top 10 list of Singaporeans' favourite stocks.
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Amazon - transformed the e-commerce landscape. set to do the same for cloud computing, digital streaming, and artificial intelligence
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Alphabet - analysts expect GOOGL earnings to rise 24% annually over the next 5 years
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QQQ - tracks major large cap tech stocks
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META - new initiatives like a haptic glove and partnership with solid companies like Microsoft
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Tesla - electric vehicles are the future
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Apple - working on its Apple Car and generating tons of phone-and-subscription revenue
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VOO - ETF with an established "safe" track record and invests in substantial tech stocks. and the thrill of being vested in 500 top companies
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NIO - popularly known as the Tesla of China. plans to launch 3 new kinds of products next year, including ET7 model (first electric sedan). has partnered with a state-owned automobile manufacturer, which means that it is endorsed by the Chinese government
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BABA - because China will be great again
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Roblox - one of the key players in the virtual space. brands like NIKE have collaborated with it to incorporate their branding and build virtual spaces like Nikeland
I think in investing, one thing we must take note is the ability to sway away from what the majority is thinking. I mean, not to discredit all these great companies and I do believe in their potential for greater growth, but are these really the companies that will experience beyond-our-imaginational exponential growth and churn record-breaking profits and dividends? Maybe yes, maybe nope. Anyway, for this competition, I wanted to offer a unique personality, something that is refreshingly different from the herd. So here is my answer:
no, I didn’t win the iPhone at the end. darn.