At the beginning of the year, I put together a list of Top Investment Picks for 2020 from the investment community and track them on this website. This is just meant to be a fun exercise to see how the picks do. As part of the process, I intend do provide quarterly updates on the picks to see how they are doing. This is the update after Q1.
At the end of Q1, the top picks stand as shown below.
Amazon (AMZN) leads the charge in a sea of red. There were three investors who picked AMZN and following is what they said at the start of the year.
Bryan (fka Income Surfer):
“Great growth company that can turn the profit screws whenever they want, but spent much of 2019 our of favor. We want to have our full positiion established prior to Amazon having a full line of private label food.”
Intelligent Trend Follower:
“AMZN went sideways for most of 2019, and still remains below the 2018 all-time highs. Meanwhile, the underlying business has continued to grow, strengthen and generate record operating results. I am hoping the stock plays catch-up in 2020.”
“Because it’s slumping right now, it’s a new stock for me and I want it to succed. BTW my last pick (KHC) was horrendous. Don’t take my advice! (never)”
I will provide the next update at the end of Q2. Note that you can track the progress anytime by going to the Stock Picks page.