With respect to your husband, those are all unwise moves. Those are all overvalued/overdone stocks that will very likely get crushed in the upcoming downturn. There’s not a one of them that I’d suggest.
T has almost $200 billion worth of debt (which is not terribly far from the size of their overall market cap. So why buy a super-indebted company. High-debt companies can have a hard time in recessions and get pummeled some of the hardest.
INTC is a solid company, that’s in a bubble…that could be in the midst of popping now. But whether now or later, it will. Additionally, buying tech stocks at the end of a business cycle/expansion and near the top in the market is the worst decision you could make because tech tend to lead on the way up BUT, it also tends to lead on the way down. It’s why so many tech stocks are getting hit so hard, right now, as we speak.
MU is one of the biggest bubble stocks of our day. It was “a love” of traders in the latest bull rally and will therefore likely be one of the ones crushed in the downturn. Additionally, tech is already forewarning on Coronavirus…everybody from Apple, Samsung, Microsoft, etc. So, that puts INTC and MU with great exposure.
PFE is a great company but at a horrible price. It will head lower just like the overall market. In fact, it could already be starting its long-term downtrend (too early to say for sure).
So…there’s not a one of those stocks that would make the cut in our portfolio. Those are all high-risk stocks right now.
There will come a day (far from now) where INTC and PFE could be values, but they are FAR from that right now. Once the market has crashed out a good bit (much further than what’s already happened), then there will be a time to own them. But that day is not today or even close to it.
