Any thoughts on the recent spike for Salesforce stock? To buy or not to buy? - Seedly
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Anonymous

Asked 3w ago

Any thoughts on the recent spike for Salesforce stock? To buy or not to buy?

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Jovan Lai
Jovan Lai
Level 4. Prodigy
Answered 3d ago

Hi there!

It depends if you understand the business and it has been something on your watchlist. Remember the wisdoms shared from the great investors...

"Looking at the stock price is not investing." - Warren Buffett

"An intelligent investor realises that as stock prices are high, risk increases, not decreases. When stock prices are low, risk decreases, not increases." - Benjamin Graham

Ultimately, try not to fall into FOMO and instead make logical, systemic and non-emotional decisions with investing. Past-performance usually attracts investors but remember we should be wary of following the herd. However, if you feel Salesforce is still undervalued or has a lot more upside in the future and you like the company after doing your research, then by all means it answers your questions and go ahead when you feel the price is right.

Some good reads for recommendation may include

  1. The Intelligent Investor

  2. Investing against the tide

  3. One up on wall street

Happy Investing(:

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ūüĎć
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