You’re a pro at getting the most for your money. You
know the difference between quality and junk and the best
stores for great prices. You can use the same skills to
become a better investor. Here are some tips that every
bargain-hunter knows, along with suggestions for applying
them to the stock market:
1) Buy things (and stocks) when they’re on sale.
You waited until Black Friday for that great price on your
big screen television, but did you exercise the same
patience when you acquired your last stock? You don’t
need to be able to time the market to sit and wait for a
bargain price. Simply look at measures of value and the
cost of the stock in comparison with its historic price
range. Just as coats are cheaper in June, stocks go
through cycles based on economic conditions as well as fads
and crazes. Buy what’s temporarily out of style and your
investing dollar will go further. Many online investing
blogs will send you an alert when your stock hits a
particular threshold, so there’s no need to check the
market every day to know when you’re company’s on
sale.
2) Know value.
You wouldn’t buy a $300 couch just because it’s cheap.
You’d examine the cushions, the frame and the fabric and
would probably conclude that it won‘t last long. Look at
your stocks the same way. A bargain price on a sound
company is great, but if the story behind the stock is
questionable, you’re likely to find your bargain is no
bargain at all.
3) Spend more on the essentials.
It’s worth paying more to get quality on your
refrigerator, your car, and anything else you really need.
By the same token, the stocks that hold up in good times
and bad, have a comer on the market, and pay dividends are
worth a hig1er price. Companies that have household names
and rake in the bucks year after year are almost never
available at deep discount prices. Get the best price you
can, but by all means include some of these reliable gems
in your portfolio.
4) Do some research.
Even when there isn’t a lot of money at stake, you like
to kick the tires You read the reviews before you see the
movie or buy the book.
Investing Like a Smart Shopper
-
- Posts: 13
- Joined: Sun Jan 06, 2013 8:52 pm
Re: Investing Like a Smart Shopper
Current stock market conditions are not favorable for safe investors. Market is trading highly volatile. Never ignore using stoploss while doing stock market trading.
Day traders should keep very close eye on Nifty and its important levels so that traders can earn money rather than losing it.
Day traders should keep very close eye on Nifty and its important levels so that traders can earn money rather than losing it.
The "Secret" of Day Trading Success - Free eBook
-
- Posts: 196
- Joined: Tue Jan 08, 2013 2:10 am
- Location: Indore, MP, INDIA
- Contact:
Re: Investing Like a Smart Shopper
Many online investing blogs will send you an alert when your stock hits a particular threshold, so there’s no need to check the market every day to know when you’re company’s on sale.
Who is online
Users browsing this forum: No registered users and 9 guests