Right now, the market is really volatile. Nobody is sure what is going to happen in the short-term. But you didn’t come here to read about short-term investing, did you? No, of course not. On this blog, we’re all about the long-term. And this is exactly why today, I’ll give you my list of top stocks long-term stocks for October.
Hello everyone and welcome back to my investing with Antoaneta. In today’s episode, we’ll talk about my top long-term pics for October. I’ll show you the companies that I believe are the most promising. And, of course, my reasons for owning each stock will vary but don’t worry, because I’ll give you a quick rundown of why I think they’re worth your time. We’ll talk about:
- Berkshire Hathaway
- NVIDIA Stock
- Alibaba Stock
- PepsiCo Stock
- Slack Stock
- Facebook Stock
- Apple Stock
- AT&T Stock
Before we get started with today’s post, I just want to take a second and give a massive shout-out to all the people sending me feedback and messages. You guys (and gals) are the best! Every time I see a new message in my inbox, it makes me so happy that I want to jump right into making the next article!
I am really glad that you enjoy my content and you find it not just useful, but also inspirational. If you want to help my blog grow more, please don’t forget to give me a like and share the links with all of your friends and family. And, if you’re a first-time, don’t forget to hit that subscribe button to make sure that you never miss a post! Check out my other blogs such as, “Who Are Snowflake Inc.? Should You Buy Snowflake Stock?“.
Also, please remember that I am not a certified expert, nor your personal financial advisor. Everything that I publish is based on my own experience and personal research. Just because I see promise in given top stocks and I would invest in it, doesn’t mean that it would be the best choice for you.
- Always do your own research
- Always double-check the data before buying
- Never invest in a stock that you do not understand.
Okay, not that all of this is out of the way, let’s get started.
These are my Top Stocks to Buy for October
We all keep talking about the consequences of the pandemic, the lockdowns, the potential loss of business, and the impact on the economy. If people can’t go to work, then companies can’t do business, and things get bad, right?
Well, not exactly.
Thanks to the Internet, people can find work and businesses can source a ton of services without ever having to leave the building. And Upwork is one of the most popular platforms where this happens. And, if you look at the data, you will quickly realize that Upwork is one of those businesses that are actually benefitting and growing as a result of the lockdowns.
Personally, I got into Upwork this August, and I plan to keep adding more Upwork stock to my portfolio as long as it stays under $30.
If you’ve seen any of my previous posts, you know that I’m a big fan of Mr. Buffet. Personally, I see him as one of the best (if not the number one) investor of our time. Given this, my faith in his company shouldn’t really come as a surprise, right? Well, we don’t invest “on faith” here. Instead, we look at facts and data. Besides, if we consider the company’s past and Mr. Buffett’s approach to investing, we might see yet another glorious period of Berkshire in the near future. Beating the market over time is, after all, his specialty.
I got into Berkshire this April, and I keep adding more of their stock to my portfolio whenever it dips under $250.
Everyone who has been here for a while should already be familiar with NVIDIA stock, but I’ll give you a quick rundown, just in case you’ve missed it. NVIDIA is one of the world’s leading GPU manufacturers and, given the popularity of video games, they are pretty much guaranteed to remain a profitable business. Their chips are also used in the production of autonomous driving vehicles and artificial intelligence projects.
These last few years, the NVIDIA company has been doing exceptionally well, demonstrating an annual revenue growth rate of 16.5%. Couple this with their very manageable debt, and you’ve got yourself a reliable investment target with a bright future.
I’ve owned NVIDIA stock since last year, and I’m very pleased with its performance so far. I am adding even more now.
AbbVie is one of the world’s leading drug manufacturers, mostly known for its Humira drug. Still, this is definitely not all there is to AbbVie – they have been actively working on diversification and conquering new markets. Besides, despite the popularity of Humira, AbbVie is still a pharmaceutical company, and the majority of its revenue comes from prescription drugs. And I don’t know about you, but I doubt people are going to just stop buying medicine all of a sudden. Currently, AbbVie stock is dipping, and this provides an excellent opportunity to buy more of their stock, which is precisely what I plan to do in the near future.
It’s also worth noting that with their 6.5% dividend yield, AbbVie is one of the best dividend stocks out there.
The Alibaba Group is China’s largest e-commerce business, and they did, of course, make it to the list as well. Here you will find Taobao and Tmall (China-based eCommerce for their local customers), Lazada (one of the leading e-commerce platforms for Asia) and AliExpress (the international platform, which I’m sure you’re all familiar with), Alipay (Chinese payment platform, similar to PayPal) and more. They are also the fifth largest AI company in the world. They are extremely well-diversified and are demonstrating excellent statistics.
I got into Alibaba stock during 2018, and it was doing really well for a time. Unfortunately, I ended up selling my shares, and I started buying the stock again during July.
And why did I sell when it was doing so great? Well, because I fell into the widespread mentality of selling when you go over 150% in a given stock. After all, that is what almost every experienced investor tells you. But since then, I’ve changed my opinion on this. Now, I think that if a company is doing well, there’s no real reason to sell. Instead, if you really want to, you can always sell a bit and then add a bit. Never go all out if the stock is doing well.
People know PepsiCo from Pepsi Cola, but they are so much more than that! I’ll give you a second to try and guess which brands I’m talking about and then I’ll give you a couple of names.
Yes, it’s mostly junk food and fizzy drinks, and yes, I’m not a fan of eating or drinking their products. But, financially, they are an excellent and well-established company. They are also really diversified. So, even if things go from bad to worse economically speaking, people won’t just drop their habits overnight.
Besides, PepsiCo pays a 3% dividend yield, and they have been increasing the amount they pay out for 48 years straight.
Now this one is a bit different. And by different, I mean that it’s a tad riskier than what I usually like investing in. Still, it shows a ton of promise, and I just had to include it on the list. For those of you still unfamiliar with Slack, their platform is essentially a workplace communication tool. It helps people coordinate their work on projects, send quick messages, leave notes on tasks, and just about everything else that you could want out of a system like this.
The biggest upside of Slack is that there is nobody who can stand up to their product. They’re miles ahead of any potential competitor, and they just keep adding new things to their platform. Besides, they’re currently used by over 750 000 companies worldwide who rely on Slack. For the first quarter of 2020, Slack reported an influx of over 120 000 paid customers (a 28% increase from the previous quarter), which is pretty significant all things considered.
I don’t think Facebook needs an introduction. Even if this is your very first investing video, I’m sure that you know that Facebook is an incredibly successful and profitable business. Their platform has a huge user base. Facebook Inc. also owns WhatsApp and Instagram, two of today’s most prominent social media platforms. And while Facebook is most popular with the older crowd, WhatsApp and especially Instagram are there to capture the younger audience.
I’ve owned Facebook stock for quite a while, and I personally believe that the company has the potential to catch up to (and even surpass) the other tech giants like Microsoft, Apple and NVIDIA in the future. Definitely a big believer in Mr Zuckerberg.
Microsoft is an excellent pick for beginners and veterans alike. They are a really well-diversified tech company, and they’re practically everywhere – software, hardware, electronics, gaming, cloud services and more.
Microsoft has an excellent track record, and they were doing very well before the pandemic hit. Once things finally calm down, I expect that the stock will continue rising in price.
iPhones, IPads, Macs and all sorts of gadgets and tech devices. In the investing world, Apple is a well-known and widely respected company that is definitely worth your time. And while the recent volatility also hit them, I see this as an opportunity to add more stocks to my portfolio at a better price.
AT&T is a world-leading telecommunication, media, technology and entertainment company. They are one of the largest businesses of their kind in the US, and they hold a large portion of the market. As a matter of fact, if you live in the US, you are probably a client of theirs.
The pandemic hit them pretty hard, and their stock prices are just now beginning to recover. And, the way I see it, this makes them an excellent target for long-term investing.
Well, we’ve reached the end for today. I know it felt a bit shorter than usual, but believe me, researching and putting my list of top stocks to buy this October together took a ton of work. So, why not show your appreciation by liking this blog and sharing it on social media?
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In closing, I’d like to thank you once again for being with me today. I hope you enjoyed my list and at least a stock or two caught your interest. As always, if you have any questions, you can ask them in the comments section down below, you can also reach me via email at [email protected], or on Social Media – Facebook, Instagram, Twitter, Pinterest, or YouTube.
If you have some interesting top stock ideas of your own, please don’t hesitate to share them with the class! I always love hearing from you, and I’d be more than happy to have a look at suggestions or even make a video about them.
Thank you all for reading, and until next time:
Stay green and motivated!
- Great investment day! (September 2020)
- 12 Stocks I Will Buy if Stock Market Crash 2 happens (2020) – My previous video on this subject (from four months ago)
Budgeting & Investing Articles:
- 6 Steps to Take When You are Broke in 2020 – How to avoid the trap of poverty
- How to Do Better and Succeed in the Stock Market? – How to get started with the stock market
- Personal Financial Rules – How to manage your personal finances better
Minimalism and Healthy Living:
- My Approach to Minimalism in 15 Steps – Why I chose minimalism and how it helps my financial situation
- How to Live a Minimalist Life – My very own minimalism Ebook
Recommended books for further reading:
- The Ultimate Finance Book – Roger Mason
- Intelligent Investor – Benjamin Graham
- The Finance Book – Stuart Warner
- Rich Dad’s Guide to Investing – Robert T Kiyosaki
- Money: Know More, Make More, Give More – Rob Moore