Opinions on SpaceX (SPCX) are like belly buttons, and cyberspace is already full of ‘em. Some pro, others con. But the only thing that matters is what’s right for you and your money based on your risk tolerance, objectives, and circumstances, observes Keith Fitz-Gerald, editor of 5 With Fitz.
Many folks are bent on being “right” that SpaceX will be the greatest thing since sliced bread or the worst thing since decaf. Forget about who “wins” that argument.
The world’s most successful investors are intently focused on being profitable, even if they’re wrong. Think about that for a New York minute. They don’t let daily noise sway ‘em and – I submit – that’s worth your consideration.
Investing isn’t a competition despite the fact that plenty of people want to make it that way. The questions you want to be asking yourself about SpaceX are simple and the same ones I’m asking myself:
- What does it look like if I add SpaceX (or other stocks) to my portfolio?
- How much risk am I willing to assume?
- Which tactics can help me do that most effectively?
- What’s my timeframe and horizon?
