View Single Post
Old 08-14-2020, 01:29 PM  
NALEM
Confirmed User
 
NALEM's Avatar
 
Industry Role:
Join Date: Nov 2010
Location: Where ever Delta flies
Posts: 3,134
PornGuy, regardless of their understanding of the stock market, everyone has their own strategy to investing (gambling). Some skip over buying the stocks themselves, and focus on the options market.

As I have no insider knowledge of any one company, and don't have the resources to retain a reliable team of analysis, I have accepted the reality that I am in fact gambling, and I will only gamble what I can afford to lose.

I have chosen to spread myself into various general industries that I have relative understanding of, professionally or as a consumer. To dilute risk further, I have taken the extra step, of purchasing stocks in several companies that compete in the same industry.

Last, I am not looking for the safe bet, but for the big payout. Looking back on the previous crisis, and the one we have now, I looking at:

- the previous 52 week high with the hope they return to that level within 2 years
- stocks that are 1/4 to 1/3rd what they were a few months ago, so the potential gain is 3-4 x or 300-400% within those 2 years.
- P/E between 3 and 7
- majority of analysts show a strong purchase or hold

If you want me to share my own spread sheet, write me at alex @ nalem dot com.

Good luck!
__________________
"The time men spend in trying to impress others they could spend in doing the things by which others would be impressed."
NALEM is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote