Well,
The good news is that you’re interested in something that 99% of people don’t understand and that the 1% of people that do understand it only allude to the correct answers.
I would strongly recommend reading my basic truths: http://web.ics.purdue.edu/~gbradfor/glen/files/Stocks/Abstract.doc
Basically. The stock market to me is like a big grocery store. Everything has an intrinsic value. The trick is wandering around the store (looking through companies) and finding the ones that are retardedly on sale. Makes sense right?
Are there even sales to begin with? I believe so. Stocks fluctuate around 60% in any given year on average. Does the underlying business value fluctuate that much? I’d venture to say no.
If I have any advice: Don’t take advice. My mentor annualizes 15% even with this market crash (he was pulling 25%+).
Find someone that knows what they’re doing and learn it. Put your money where your mouth is only when your confident.
If you’re looking for a simple idea, magicformulainvesting.com is a good place to start screening. This is something that you really have to want to do and love to do. I’m obviously obsessed. I think it’s in my best interest to make my money work for me rather than work for money my entire life.
Financial independence is just around the corner,
Glen
From: dietrsnow
Sent: Wednesday, February 11, 2009 8:00 PM
To: gbradfo
Subject: Stocks: Could you help me please?
Hey Glen,
I came across your site just by coincidence while researching some stocks and was very interested in your whole way of trading for college and your strategy. I am only 15 but have been interested in the market for a few years now, but every time I go and invest in a company it never really pans out like the people I am getting the advice from say it should lol. And then the few that I get the hints of from Jim Cramer or someone like that occasionally seem to work. I really would like to try and understand where and how some of these big named people in the market actually figure out what stocks are good stocks to buy. The only problem I always run into while trying to do research and figure out what it is that they look for is that there are so many people out there with their own idea of what to look for between penny stocks and high divided yields that I can’t make heads or tales of how to understand which are accurate ways.! That is what I figured it was worth a shot asking you for some help or advice on this. I know that you obviously can’t tell everyone your specific method or strategy but I was just wondering if you could first of all help me with how to find find some for myself, but also if you could help me with some example of good stocks that I could currently look into. Any help you can provide me with is EXTREMELY appreciated!!! :]
Thank you so much for your time!
Brandon D.