How To Build A Fortune In The Stock Market: 5 Questions Every Investor Needs To Ask Of Their Investment Strategy
Every investors investment strategy should adequately address the following five questions:
(1) What specific stocks will I buy?
(2) When should I buy these stocks?
(3) How should I buy these stocks?
(4) When should I sell these stocks?
(5) How should I sell these stocks?
In addition, the answers for questions #2, #3, #4, and #5 should vary depending upon the different components of an individuals stock portfolio. If the answers for questions #2 , #3. #4, and #5 exhibit no variance, then the risk profile for all stocks in the portfolio will be the same, an undesirable trait.
There is a very good reason why people that try to mimic the portfolios of very wealthy successful investors never can achieve nearly the same success as the investors they mimic. The reason is that they can only answer one piece of the above 5-part investment puzzle the question of what to buy. In fact, I could open up my portfolio to investment novices, show them all the stocks I own now, and out of 1,000 novices, all of them would have an...