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Anonymous
Any recommendations on any good stocks to purchase?
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Collin Seow CFTe, CPM
17 Apr 2020
Founder at The Systematic Trader
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I'm afraid no one can provide you with "correct" recommendations. You really have to do your own research, and decide what is your risk appetite. Tech industry will continue to grow. But I do have a substantial proportion of my portfolio vested in tech companies.
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Zachary Teo
17 Apr 2020
Art Director at Ad Agency
Hey Anon! There is really no "good stocks" to purchase. I would say follow what Sudhan have mentioned and ask yourself those questions. There's this famous saying of you're not investing in the company but see yourself as part of the company. Look through everything in the balance sheet, profit and loss statement, the future growth of the company. Ask yourself do you see yourself and the company down the five or ten years market. Most interesting question perhaps will be, what do you envision the future to be? These will probably help you narrow down the varieties of stocks in the market.
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Hi anon, I'm afraid I can't give you stock-specific recommendations, but some questions to ask to undestand whether Alphabet and Facebook are good stocks are:
Does the company have a wide economic moat?
Does it have a track record of growth (growing revenue, net profit and cash flow)?
Does it have decent gross and net profit margins?
Does the company have a strong balance sheet (more cash than debt)?
Does it have a high return on equity?
How are its growth prospects (both industry and company) like?
Is management honest and competent?
How's the company's valuation like? Is the company undervalued, overvalued, or fairly valued?
You can check out a Seedly article on FAANG stocks here: https://blog.seedly.sg/ultimate-guide-faang-stocks
Hope this helps!βββ
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If you want to be spoon-fed with specific US stocks recommendation, best go to seekingalpha.com...
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