One Method of Investing: By Joey68 I call it th
Post# of 1584
I call it the 'Unknown Main Investment' strategy:
During the initial phase, you dont have your main stock. Your goal is to mkae money through other stocks first. After doing rigorous DD in two stocks, invest only what you can afford in them. Buy in as low as practical.
While these stocks are doing their thing, now is the time to find your main investment. After doing even more rigorous DD in this third, main stock, and once your primary two stocks double or triple your initial investment, reinvest those profits into your main stock.
In other words, not many people have $20,000 to invest in one stock. But, if you can invest $500 into two stocks, and these two stocks create a capital gain of $20,000, then you now have the ability to invest that into your main stock.
This is how I invest. It has many benefits. One, instead of buying a random stock and hoping for the best, your staying active.
two, youre not wasting time. so many posters in these boards are invested in one stock, and year after year, they hope it goes up; but it never does. WASTED TIME! With this method, youre always busy. First, you find two stocks. Then, as those are gaining strength, youre looking for your main investment.
three, youre not investing more than you can afford to lose. yes, youll pay taxes on any gains, but if your main investment fails, its better to lose your $20,000 profit from the first two stocks (when you only invested $500) compared to $20,000 of yours and your spouses life savings.
Not investment advice
Not investment advice <- did you see this?
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.