This is the third of the Buy Checklists I am creating and once I have Published the final one I will put Links in it to all the others. This one is for Stocks that have fallen foul of the Markets usually after a Profit Warning or several and although Buying such stuff can be Risky it is often a very good strategy for making sizeable Returns and I regularly find that for Quality Stocks that have real decent Businesses underpinning them, they nearly always recover after an often lengthy period in ‘Rehab’. This can apply to Stocks I already hold that have gone a bit messy or for Stocks that are new to my Portfolio.
So far I have published Checklists for these kinds of Stocks and you should be able to locate them fairly easily on the ’Educational Blogs’ Page as they are from recent Weeks and the final one will be for a ‘Quality at a fair Price’ Buffett Stock:
My mate Michael (@vilage_idoit on the Tweets) has done me a huge favour and offered up this great piece of writing to help me out at a time when I am struggling to produce Blogs for the Website because of my ever dragging on Health aggravation. It is very relevant to the current unpleasant Markets we are all suffering and well worth reading.
Big THANKS mate, WD
I often get asked how I managed to accumulate enough Capital so that I could retire at the ripe old age of 44. OK, it is time to come clean about one of my Dirty Little Secrets - I am one of the UK’s most prolific National Lottery Winners !!
Obviously I am far too modest to talk about this much and it is no big deal because I have never won the Top Prize or anything but I have a ‘system’ by which I regularly make small Wins which of course add up to a large amount over time.
I recently published a Blog with a Buy Checklist for Stocks for my Income Portfolio and now I’m turning my attention to my ‘Normal’ Portfolio.
I realised that just one Checklist for the ‘WD40’ would not actually suit my needs because I Invest in a range of Investment ‘Styles’ to ensure more Diversification. On this basis, I have decided to produce the following Checklists:
As I start to produce these I will probably realise that I need more but I really hope this doesn’t happen as it will just confuse things and make it all too complicated.
Lots of People on Twitter etc. are extremely helpful with Tweeting out Stocks they have been buying and selling - which can be great for drawing attention to New Ideas of Stocks to Invest in and also lets People reading the Tweets get an idea of the sort of Approach a particular Tweeter follows. I always say that I can get a very good insight on whether or not a particular person makes Money simply by looking at the Stocks they Tweet about. This really is one of the many benefits I find from being extremely fortunate to be able to interact with so many helpful and collaborative Investors / Traders and it has enabled me to meet a whole new bunch of top quality Mates - and this has without doubt boosted my own never-ending Learning Process.
I am sure I mentioned that I wanted to create ‘Buy Checklists’ that I could use to help me make a final Decision whether to Buy a Stock or not and having thought about it I have come to the conclusion it is not an easy thing to do !!
I have sort of already done the opposite of this - a ‘Negative’ if you like in a photographic sense - in the form of the ‘WheelieBin’ and if you look at the Website page with the WheelieBin on it you will find a good Checklist of what constitutes a Stock that is best avoided.
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