AuthorZeb Pilcher |
Back to Blog
Week 3 `3/7/2021 This week I started the book The Little Book of Big Profits by: Hilary Kramer. Hilary Kramer is very successful investor who has made millions and worked for large mutual funds and provides investing tips and strategies to help the average person reach financial growth. This book is all about the low dollar stocks. These stocks are often overlooked by major investors or mutual funds. These stocks are considered very risky and not worth to invest in. Cheaper stocks come with a lot of risk but with the right knowledge and enough time and effort put into research they can increase wealth drastically. The goal of this book is to learn how to pick these stocks and what to do once you purchase them. I haven't got to read as much of this book as I would have liked too but I still have learned of few of the basic trends, patterns, and markets which are the best to buy these low dollar stocks from. The Three categories of low cost stocks are 1. the bargain bin this is the holy grail of low dollar stocks, 2. undiscovered/ newer businesses 3. Large companies that have fallen off. These categories define stocks that are worth the buy and not worth the buy. The third category is usually never worth buying because if they have lost substantial amounts of money they usually stay losing money for a long time. The First stock is rare but not impossible to find and are always worth the purchase. The 2nd is worth the buy if it has promise of a good business. There are also three things you should look for in a stock that are less expensive. These are whether or not it is undervalued, cheap, and has a promising business. Stock like these are cheap, come with lots of risk, and are not an easy investing strategy but with knowledge and research they can increase your wealth by leaps and bounds.
0 Comments
Read More
Leave a Reply. |