Suze Orman advises against dumping reliable stocks like Costco and Walmart for trendy AI stocks. She warns against chasing short-term highs, urging investors to stick to a disciplined, diversified strategy. Orman learned from past mistakes during the dot-com era, emphasizing the importance of balance in a portfolio and owning stalwart stocks.

During the dot-com era, Orman recommended the QQQ ETF at $52, which doubled within a year. However, the tech bubble burst, causing prices to collapse. Orman emphasizes the importance of a disciplined, diversified strategy over chasing short-term highs. She advises against doubling down on one sector, urging investors to own a mix of stocks.

Orman highlights the importance of owning long-term winners like Meta and Apple under a dollar-cost averaging approach. This method involves buying small amounts regularly, regardless of price, to reduce the risk of buying at a peak. It helps investors stay disciplined during market swings and avoid chasing short-term gains.

Read more at Yahoo Finance: Suze Orman Says This May Be One of the Best Stocks You Should Already Own