My method for picking stocks

My method for picking stocks

Picking stocks can be a daunting task. There seems like there is an endless amount of stocks to choose from. I have a method that could help you choose stocks from companies you are already familiar with.

The first step is to gather a list of all the brand names that you regularly buy or use. You can create this list while you are out shopping at the store or simply go through the cabinets of your home. You should be able to come up with a pretty long list of companies.

Here a short the list of companies I came up with just by walking through my house:

  • Dell (computer manufacturer)
  • Samsung (washer & dryer)
  • Pixel, Google (cell phone)
  • Canon (camera)
  • Hot Topic
  • Johnson & Johnson (various products from the bathroom)
  • Funko Pops (toys)
  • LEGO (toys)
  • Nintendo (Wii)
  • Sony (PPlayStation4)
  • Nike (shoes)
  • Vans (shoes)

Next, search online for the companies in your list and find what symbol the companies are listed under on the stock exchange. Be sure to add ‘stock symbol’ at the end of whatever you are searching – ‘Dell stock symbol’. This way your search result will take you to that companies stock information.

Once you have the symbols for the companies and the prices of the stock, you can start researching the companies and find the ones you want to invest in. I also suggest looking at those company’s competitors too.

This is just one of many methods of picking stocks for your portfolio. In no way is this a sure way of picking the best stocks however it’s just something to help with the process. Doing it this way helped me pick 2 stocks that paid off in the long run.

Do more research and find a method that works for you.

Here are a couple of articles from investopedia.com explaining ways of picking a stock:

Guide to Stock-Picking Strategieshttps://www.investopedia.com/university/stockpicking/?utm_source=sim_welcome&utm_campaign=www.investopedia.com&utm_term=&utm_medium=email

4 Steps To Picking A Stockhttps://www.investopedia.com/articles/stocks/09/screening-stocks-for-investing.asp?utm_source=sim_welcome&utm_campaign=www.investopedia.com&utm_term=&utm_medium=email


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