The stock market is great. Not just because it makes you money, but I find following the economy and analyzing companies to be pretty fascinating. Still have a lot to learn, though. I'm reading a book by former Federal Reserve governor Laurence Meyer that will help me better understand the hot behind-the-scenes action at the Fed. I know how to read balance sheets and income statements, but I'm reading up on how to improve my technical analysis skills. I'm also learning some investment strategies, such as the BMW method from the Fool.com boards and the MACD indicator.
Big Fool.com fan. I use that site a lot for research, opinion and discussion.
Some of my favorites:
Marvel (MVL): Up 24% since I bought it in October. Great business model in licensing its characters to studios who take the risk in movie production. The risk is in growth slowing down as people get tired of comic book movies and crappy movies get made.
Starbucks (SBUX): Up 30% since I bought in June. Yeah, I know SBUX gets a lot of crap for being ubiquitous, but their growth is still phenomenal. They want to triple the number of stores they have (mostly in the US in fact), and even though that sounds silly at the outset, I think consumers will snap it up. I know I wouldn't mind one a little closer to home.
Pixar (PIXR): Up 10% since I bought in November. The best animation studio in the world IMHO. Slow production (18 months per film) is a concern, however. New distribution partnership (with Disney or anyone else) will favor them a lot more this time, now that they've shown they're a powerhouse.
Coventry Health (CVH): Bought a few days ago. Very well run company with huge growth potential. Just acquired another health care company. Low P/E. Have high hopes for this one.
Ariel Small-cap Fund (ARGFX): Up 42% since I bought my first batch 2 years ago, and 22% from the batch I got a year ago. It's cool.
I'm also taking some gambles with Sirius (SIRI), Faro Technologies (FARO), Protein Design Labs Inc. (PDLI), and Mechanical Technologies Inc. (MKTY). I have high hopes for all them, but they're kinda volatile. They can be really up or really down from month to month. I'm taking a long term hold strategy with them. No day trading for me!
What do you invest in? Got any pearls of wisdom?
Big Fool.com fan. I use that site a lot for research, opinion and discussion.
Some of my favorites:
Marvel (MVL): Up 24% since I bought it in October. Great business model in licensing its characters to studios who take the risk in movie production. The risk is in growth slowing down as people get tired of comic book movies and crappy movies get made.
Starbucks (SBUX): Up 30% since I bought in June. Yeah, I know SBUX gets a lot of crap for being ubiquitous, but their growth is still phenomenal. They want to triple the number of stores they have (mostly in the US in fact), and even though that sounds silly at the outset, I think consumers will snap it up. I know I wouldn't mind one a little closer to home.
Pixar (PIXR): Up 10% since I bought in November. The best animation studio in the world IMHO. Slow production (18 months per film) is a concern, however. New distribution partnership (with Disney or anyone else) will favor them a lot more this time, now that they've shown they're a powerhouse.
Coventry Health (CVH): Bought a few days ago. Very well run company with huge growth potential. Just acquired another health care company. Low P/E. Have high hopes for this one.
Ariel Small-cap Fund (ARGFX): Up 42% since I bought my first batch 2 years ago, and 22% from the batch I got a year ago. It's cool.
I'm also taking some gambles with Sirius (SIRI), Faro Technologies (FARO), Protein Design Labs Inc. (PDLI), and Mechanical Technologies Inc. (MKTY). I have high hopes for all them, but they're kinda volatile. They can be really up or really down from month to month. I'm taking a long term hold strategy with them. No day trading for me!
What do you invest in? Got any pearls of wisdom?