Sports stocks are the best way to invest in the games we love to play and watch. Then practice what you’ve learned with our free stock market simulation.
SPORTS STOCKS TIPS
Owning a sports club is way too expensive for most people, but if you still want to get a piece of the pie, try investing in these sports stocks. It may seem like these companies are swimming in money because professional athletes get multi-million dollar contracts and sports teams boast ridiculous valuations. But the reality is that just like any other company, the equipment makers, broadcasters and sponsors of professional sports face fierce competition. Here are some tips to keep in mind when investing in sport stocks:
Use Your Head
Sports fans can be a bit biased when it comes to evaluating the strength of a player or team. Just because a company is affiliated with your favorite player or team does not necessarily mean it’s a good investment. Doing research and making sure the company has good fundamentals is essential.
If you’re looking to really make money in the stock market, then instead you should focus on finding a service that has beat the market the last few years in a row. For example, there is one service whose stock picks consistently outperform the market. Check out the performance of this one: Motley Fool Review.
Know The Season
Some sports are played year-round, but are only popular at certain times of the year. Getting to know the schedule, especially when the playoffs take place can give you a leg up on the competition. For example, late fall or early winter might be a good time to look at an NBA stock, and around September might be a good time to look at an NFL stock. Contrarily, the off-season might be a good time to buy depending on sponsorship deals or player events.
Build Your Playbook
In sports, some plays succeed and others just don’t work out. Coaches create multiple plays to mitigate this risk and increase their chances of victory by not putting all their eggs in one basket. Investing works the same way. By diversifying your portfolio, if one of your stocks has a bad quarter you won’t go belly-up.
Here are your top picks for sports stocks according to the Motley Fool:
|MTN||Vail Resorts Inc.|
|CHDN||Churchill Downs Incorporated|
|WWE||World Wrestling Entertainment Class A|
|MSGS||Madison Square Garden Sports Corp. Class A|
|MANU||Manchester United Ltd. Class A|
|RCI||Rogers Communication Inc.|
|LSXMA||Liberty Media Corporation Series A Liberty SiriusXM Common Stock|
*** UPDATE -- Tuesday, October 3, 2023 -- MOTLEY FOOL STOCK ADVISOR AVERAGE RETURN OF ALL 500+ STOCK PICKS IS 497% VS THE S&P500'S 131% ****
The Fool investing philosophy is hold stocks for at least 5 years, invest regularly, and ride out the dips. Here is just a sample of some recent picks:
- TSLA picked again May, 2023 and it is up 62%
- CRWD picksed March, 2023 and it is up 22%
- NOW picked January, 2023 and it is up 53%
- TTD picked again Dec, 2022 and it is up 49%
- AMZN again Nov, 2022 and it is up 37%
Also, the Motley Fool just launched a special promotion: $120 off (see the link below).
Here is their release schedule of their upcoming stock picks:
- October 5, 2023 - List of 5 Best Stocks to Buy Now
- October 12, 2023 - New Stock Recommendation
- October 19, 2023 - List of 5 Best Stocks to Buy Now List
- October 26, 2023 - New Stock Recommendation
So, if you have a few hundred dollars to invest each month and plan on staying invested for at least 5 years, we haven't found any better source of stock picks.