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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


Join the discussion on Facebook – https://www.facebook.com/groups/2386338248061508/?source_id=249011258559575

 

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Aurora Cannabis Is Going Public on the New York Stock Exchange

Aurora Cannabis is a stock that I have been waiting to hit the NYSE for quite some time. I’ll be monitoring the stock price for the next couple of days and try to get the best price I can. I’m not expecting it to drop a lot, but anything between and $8 and $9 is good for me. Cannabis stocks are hot right now.

As a reminder, please research any stock suggestions. My suggestions do not guarantee that will make a profit. For more help on stick investing, I suggest that you check out the following websites: motleyfool.com, investopedia.com & Yahoo Finance.


Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. It’s joining a select list of cannabis producers, including Tilray and Cronos, that are able to list on US-based exchanges.

Source: One of the largest cannabis companies is going public on the New York Stock Exchange

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What Determines A Stock’s Price?

Recently a friend asked me what determines a stocks price. Luckily Motley Fool has answered the questions already!

How stock prices are determined
The opening stock price of a company is established when the company goes through an initial public offering (IPO). As part of this process, an investment bank will use in-depth financial formulas to figure out how much a company is worth, as well as how many shares will be offered to the public and the stock price for each share. The bank may use comparisons to similar businesses to help determine what a company’s stock price should be coupled with other factors such as current and projected performance.

A company’s stock price is determined in part by the total number of shares it issues. If a company is given an estimated value of $200 million, it may issue 20 million shares at a price of $10 per share, or it may issue 40 million shares at a price of $5 per share. 

Read more

Source: Motleyfool.com

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China Pharma Holdings (CPHI), A 134% Return…So Far!

 

China Pharma Holding (CPHI) – Top 3 Healthcare Penny Stocks for 2018

I purchased this stock in July and the price was at $.25 a share. There hadn’t been much movement on the stock until this weak. So far the stock I’ve gotten a 134% return. A great pick up so far. Analyst predict that the stock will get up to $3 within the next year.

Penny Stocks are high-risk investments so be sure to do your research before investing.

For first time investors, I recommend using the Robinhood app. Robinhood lets you invest in the stock market for free, directly from your phone or desktop.

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HMNY is Worth A Honey Bun

So Helios and Matheson Analytics Inc. (HMNY) is the company that owns Movie Pass. The stock isn’t doing so well since they have run out of money. The reason is that the Movie Pass is $9.99 a month for their unlimited plan. Having 2+ million subscribers can get pretty expensive. Movie Pass pays the difference for the movies you see that month. Let’s say you see two movies a month at the average rate of $9 per ticket. So that’s $18 for two movie tickets. The $9.99 you pay for your movie pass subscription pays for the first ticket, then Movie Pass covers the cost for the second ticket. See where this is going? Now you understand why they run out of money so quickly. Because of this, their stock isn’t doing too well since they aren’t making a profit. It’s sitting at $.18 right now.

I’m going to take a gamble on this one since it is so cheap. 10 shares would cost you $1.80. Its 52-Week high was at $33. If it were to ever get back to $33, that’s $328.20 you made from a $1.80 gamble. If the stock completely tanks, you are $2. Oh well! Looks like you won’t be getting that honey bun from your job’s vending machine.

Many analysts are saying don’t buy it.

I’m saying, take that gamble. All you are losing is a honey bun!

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Stock Tips From a Novice Trader

Although I have been trading stocks on and off for 15 years, I’m still a novice. I learned enough about stock trading to find a method that works for me. When I research a stock and learn new things along the way. Here are some tips I use when trading.

Find a good broker to trade with – If you are just starting out, I recommend the Robinhood mobile app. Robinhood offers free trading, although it’s limited, it’s a great way to get your feet wet with stock trading.

Pick Stocks Of Products and Brands That You Actually Buy  – Researching the brands and products I use made it easier for me to choose which stocks to buy. I was already familiar with the brand and now have a vested interest. FUNKO was the first stock I purchased. Having spent hundreds of dollars buying Funko Pops, it made sense to invest in a company that makes one of my favorite collectibles.

Good choice because I purchased the stock at $8.35 and is now sitting at $13.67.

It’s all about being comfortable with your stock purchases.

Learn as You Go – Don’t try to learn everything about stock trading all in one day. Just begin by reading articles and when you come across a term or phrase you don’t understand or don’t know the meaning of using the resources that are available. The internet is a wonderful thing.

Google and Youtube are your best friends!

Stay Within Your Budget – Don’t invest money that you can’t afford to lose!

Google Is Your Friend

 

If you aren’t sure what stocks to buy, all you have to do is search Google for stocks under $10, $5, or even $1!

Most trading websites publish articles daily where they pick the top stocks under a certain price range. They even go in depth as to why those stocks are good picks.

Here are some sites that I use daily:

www.zacks.com
www.investopedia.com
www.investorplace.com

Overall, learn and have fun while making money. Educate yourself. Spread the knowledge!

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Top 11 Instagram Hashtags For Gaining Followers and Likes on Instagram

Gaining new followers on Instagram can be a difficult and an exhausting task. Here are some hashtags that could help you gain new followers and likes. If you aren’t using hashtags in your Instagram posts, then you aren’t using one of the most important features on Instagram.

#follow

#like4like

#tagsforlikes

#instalike

#likeforlike

#follow4follow

#followforfollow

#l4l

#f4f

#followback

#instafollow

 

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Tips & Tricks: Facebook Business Page Cheat Sheet

Here is an infographic that shows the image dimensions for the various image elements on Facebook.

From Visually.

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Does Your Small Business Need a Website? Maybe.

A concern of a lot of business owners is deciding whether or not they need a website for their business. The answer I always give is, “Maybe.”

The need for a website comes down to whether or not you believe it will be beneficial for your business. Some businesses have websites just to have some type of visibility on the Web. For large companies, branding is very important so it makes sense for them to have a website. However, for a small business, it comes down to NEED.

Ask yourself these questions when deciding if you need a website:

  1. How much will it cost to maintain the site myself or do I need to hire someone to maintain it?
  2. Will the website increase sales or attract new clients?

You can also write down the pros and cons of having a website. If the end result doesn’t business growth, then a website would probably not be the thing to do, right now.

Let me give you an example:

Let’s just say, you go to visit a local clothing store on a weekday afternoon expecting it to be empty, however, to your surprise there are quite a few people inside. After browsing for a bit, you become curious and ask the associate behind the counter, who also happens to be the owner, if the store has a website. The owner begins to explain to you that although the store does not have a website, business has been growing at a steady pace. Advertising in the local paper, building partnerships with local community and a strong social media presence are the things that have driven the growth of the store. At the moment, the need for a website is not necessary, however, the owner does say that eventually, when the business expands into multiple locations and needs to broaden its reach, then a website would probably be needed, but they will see what direction the business goes before they decide.

The owner in the example mentions that other ways of spreading awareness of their business – advertising, partnerships and social media. Those are the tools and methods that worked for the owner. What you need to do for business is evaluate the things that work and do not work for your business and build an action plan.

Also, keep in mind, having a website does not guarantee success for your business. There’s no point in having a website and not know what its purpose is. That could be detrimental to your business’s success.

So does your business need a website? Maybe. It’s all up to you and your businesses needs.

 

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Earn Extra Money Doing Surveys With The dScout App

Since 2016, I have been using the app called dScout to earn extra money. dScout is a qualitative research company that “helps companies better understand the experiences people have with their products and brands in everyday life.”

By way of the dScout app, users or ‘scouts’ are sent missions. These missions, if the scout qualifies, require the scout to upload photos and videos of their experiences depending on the subject of the mission. For example, I recently completed a 6-day mission called ‘How You Share’ that required me to complete a series of daily tasks where I was required to post to social media each day, sometimes 2-3 times a day, and then record a 60-minute video explaining why I posted that particular, photo, video, or text status to social media. I was also asked follow-up questions about what I expected my follower’s reactions to be, who my intended audience was, and what social media platforms I posted to. If I completed all the daily tasks in the time allotted, at the end of the mission I’d get my reward of $120. The money was deposited into my PayPal account on the day after the last task was completed. Easy money!

I’m pretty impressed with the app and am looking forward to completing more missions.

The dScout app is available for Android and iOS devices. You can sign up on at the dScout website and it does require you to install the dScout on your Android or iOS device.

https://dscout.com/people-nerds

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