Stocks Decade
how do you find cheap stocks that one day could become good stocks?
or is it pure luck how much would be a minumum good investment in stock for the future like to hold on for at leats a decade and hopefully it grows
Your question is the one that every investor would like to know the answer! It’s not so easy to explain, and even when you ‘know’ what you should do, it’s not so easy to do it!
Do a net search on ‘CANSLIM’ and ’stocks.’ CANSLIM refers to a system of evaluating stocks developed by a very succesful Wall Street trader named William O’Neil. His system is very down to earth, very practical, and works very well over the long term.
But in addition you MUST educate yourself on how to allocate your funds and how to manage your portfolio. How to pick stocks is one thing, but how much to invest in any one idea, or what to do when it turns out you were wrong (and trust me, you will be wrong sometimes!) is equally, if not more, important.
Cramer & Altucher: 1 Stock to Own for the Next Half-Decade