REVscene Automotive Forum - View Single Post - Investing

Spoon · 08-03-2016, 01:07 PM

I'm no Warren Buffet, but these are rules I usually follow:
1) Buy stocks you know
2) Buy stocks $10 and above
3) Buy stocks that pays you to wait (dividends)
4) Buy stocks you think you can own forever (and not based off spikes)
5) When your stock falls 20% or above, average down (unless the fundamentals have changed drastically)

I'm sure there's plenty of holes you can find. But they work for me.

08-03-2016, 01:07 PM	#30
Spoon I contribute to threads in the offtopic forum Join Date: Apr 2001 Location: VAN/RMD/BBY Posts: 2,596 Thanked 1,022 Times in 450 Posts Failed 54 Times in 30 Posts	I'm no Warren Buffet, but these are rules I usually follow: 1) Buy stocks you know 2) Buy stocks $10 and above 3) Buy stocks that pays you to wait (dividends) 4) Buy stocks you think you can own forever (and not based off spikes) 5) When your stock falls 20% or above, average down (unless the fundamentals have changed drastically) I'm sure there's plenty of holes you can find. But they work for me.