There is so many good opportunities that you can find in the stock market right now. The Dow just continues to break records everyday. When the Dow is doing that, it doesn’t take an expert to make money in this market. You can make more money though, if you dedicate yourself to learning about a stock, before investing in it. Jim Cramer from CNBC suggests that you do at least one hour a day on your stock. That’s great advice, so that you have an idea of what your company does, before investing in it. However, making money is something that the blind can do. Just because I can’t tell you what my company does, isn’t necessarily an indicator that it’s a poor stock or will fail.
If you search through mutual funds, and see several funds owning the same stock. Then that’s a good sign to me. It tells me that more than one of these financial experts, thinks a certain stock is worth having in their portfolio. If there’s a lot of smoke around, you know that there’s got to be a fire near. Stocks is the same way. If you see everybody running to a stock. It’s not just a coincidence. They probably know something that you don’t, and taking the time to do your “homework” could be money lost. I don’t recommend in blind faith all the time. Because it really is fun learning about your company that your invested in. Learning the way they make their money, and what future opportunities might be in store for them. Any oil company that can give us a gallon of gas for under $2, then I will invest the farm into them. Because you know a company like that, with gas prices the way they are now. Would be a instant success on wall street. So just look at what the big boys are investing in, and try to follow similar patterns.