| Secret Recipe Revealed |
|
He indicated he listened to some fellow on the radio and he would call me when his guru talked about stocks that were priced at about $30. So, my client had the following criteria: stocks that a celebrity picked that were priced at $30.When I sat down and discussed this with my client he became embarrassed. He never really understood his criteria and when he looked at it rationally, he realized he needed better criteria and a better method.
Each investor has their own secret recipe for adding stocks to their portfolio. There is no one right set of criteria for selecting good stocks. However, there are some very good methods for developing criteria. I will discuss my secret recipe in subsequent posts. For now, I would recommend a few good books which are important to your understanding of stock selection, criteria, and methodologies. |
Every investor has a set of criteria for investing, even if they do not know it. For example, I had a client who regularly gave me the ticker symbols of companies that he was considering puchasing. After about two months I asked him how he chose the companies that he provided me.
Define Your Questions And Needs
Financial Services Should Be Delivered, Not Sold
Look For Professionals Who Have The Right Credentials
Respected Individuals
Not Everyone Needs a Financial Advisor
