Yahoo Finance

French regulators hitting Apple with a roughly $162 million fine over privacy changes imposed on app developers. The fine coming just days before President Trump's reciprocal tariffs are set to take effect. Trump has been critical of EU regulators crackdown on big tech in the past. Of course, it's interesting to see Apple up today given the selling that we are seeing. What do you make of that? Adam, a little bit of dip buying for the name?

Uh yeah. I mean, as as one should do in any of these high quality must own names, I call them core ingenuity. The magnificent seven. You call them magnificent seven. Everybody does. I call them core ingenuity. I think you have to own them. Uh that's the only place you can go where almost two to a name, you know, Amazon, Google, Apple, et cetera. Uh uh meta. You can actually reach somewhere between 2.3 and 3.3 billion people every day. They are incredibly successful, they're profitable and they do it at scale and they continuously find new ways to grow. So I think you have to own those names and you just buy them when they're down. And that's why I think one of the things that I I would hope our viewers, listeners, subscribers, et cetera, um I one of the things I hope they do with their own money is what's called dollar cost averaging, where every month you just put a little bit more in. Yep, you can take it right out of your paycheck and you can put it into an index fund or into a more specific fund if you so choose. But that way you don't have to worry about getting the bottom uh or overpaying in a rising market. You just continuously put money to work and you build it over time. And all of a sudden you, you know, you look at your statement two years later, three years later, 10 years later, and you realize you've built wealth for yourself. Yeah.

Right. I was going to ask you about that. Sounds pretty good, but I wonder, would you advise, especially younger people, dollar cost averaging right now to put more of their investments into an index fund tracking the mag 7 than a broader market index?

Buy the Qs. Buy the Qs. Uh you're going to you're going to get overexposure to the mag 7 because the mag 7 or core ingenuity as I like to call it, accounts for something around 45%, these numbers move around, but just because they're so big. So if you buy the triple Qs, which technically is the largest 100 non-financial stocks in the Nasdaq. Um you are effectively committing half your money, 45% to the mag 7, core ingenuity, and then you're getting a wonderful selection, cross section of all sorts of other type companies as well. I think that's the simplest, best way to do it. It's more volatile than the S&P 500. I run the American ingenuity fund. I'm volatile. I'm more volatile than the Qs, but uh when markets are up and when I have the win at my back, I generally make more. So I'll lose more in a down market, I'll make more in an up market, and I'm okay with that. Uh I'm a long-term investor, I rarely sell. That's why I I'm comfortable playing through some of the pain, like the pain we're having right now.