07-30-2012, 02:28 PM
I try to find companies with lots of assets that have solid income and long term debt. That way you get a good deal on a low hanging stock and any recovery will lead to some profit. YRCW is my favorite right now.
It dipped to $5.40ish, I got it for $5.60 and it could rebound to as much as $10 or $12. They just need a solid peak to double your money. If they don't recover their stock is so low that you shouldn't take a big loss.
You can turn 15k into 35k pretty easily.
I never gamble with more then 15k on direct stock purchases. When I make money I put away everything over 15k I made into bonds or bank it. That way if I make a bad decision it isn't much of an impact.
Their is good and bad with that. Had I just kept investing my stock wins I would have a few hundred thousand extra but I am too much of a coward to do that.
Vllad
It dipped to $5.40ish, I got it for $5.60 and it could rebound to as much as $10 or $12. They just need a solid peak to double your money. If they don't recover their stock is so low that you shouldn't take a big loss.
You can turn 15k into 35k pretty easily.
I never gamble with more then 15k on direct stock purchases. When I make money I put away everything over 15k I made into bonds or bank it. That way if I make a bad decision it isn't much of an impact.
Their is good and bad with that. Had I just kept investing my stock wins I would have a few hundred thousand extra but I am too much of a coward to do that.
Vllad