Anonymous
Asked on 13 May 2020
Any advice is greatly appreciated!
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4 answers
Answers (4)
Summer
Answered on 23 May 2020
I think you should look into stocks and companies that occupy a large market share already, which is a fail-proof strategy for people who do not know much about the specific industry or about finance!
Next, understand its business model. You should be able to identify how the business earns money. For example, Coca Cola earns its money by selling the drink to its consumers. If it is something you cannot understand, then do not put your money into it.
Third, look at its potential for the long run. Does it provide value for people? Is it sustainable? Some of such stocks will lie in the innovation sector, especially those that have the potential for tech disruption.
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Frankie Rappaport
Answered on 13 May 2020
Contrary to popular belief stock picking is not possible, even often cited Warren Buffet failed the last 5y & 10y against the SP500
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Lin Yun Heng
Top Contributor (Jan)
Updated on 13 May 2020
Hello there! Congrats on starting out :) For stock picks, things that are important to note are firs...
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