Go here to read the rest. The only sound investment advice I have ever heard is that in a time of panic selling, that is the time to buy, and that when all the experts are recommending buying, that is the time to sell.
I Always Suspected as Much
- Donald R. McClarey
Donald R. McClarey
Cradle Catholic. Active in the pro-life movement since 1973. Father of three, one in Heaven, and happily married for 43 years. Small town lawyer and amateur historian. Former president of the board of directors of the local crisis pregnancy center for a decade.
Mythically, a business school prof taught you would do as well by picking random stocks – throwing darts.
Evidently, so-called fundamentals – actually analyzing a corporation’s financial stability/strength, profit potential, etc. – are not a part of this market environment.
I weekly look at a stock that trades at just under $2,000, which is 94 -times earnings. It keeps rising.
There is huge liquidity/money at play every day and relatively limited numbers of shares daily offered. Look out when that reverses.
Also recommend dividend stocks. Any stock that doesn’t pay a dividend is a straight gamble that requires you to play by an ever-shifting set of rules. You can occasionally get ahead (like with GameStop), but it usually doesn’t last and you end up just loosing your shirt.
I recall the commercial;
” When gerbils talk, (or walk) people listen, (and watch ).
-EF Gerbil
The best long term investment?
JC the King.
Big dividends.
Stop loss at no cost.
Agent free fee’s.
A retirement community that is out of this world.
Check it out!
Brokerage firms at every Tabernacle in a Catholic Church near you.
Peace.