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Old 12-31-2007, 05:26 PM   #6
terpkristin
Grizzled Veteran
 
Join Date: May 2003
Location: Ashburn, VA
Quote:
Originally Posted by st.cronin View Post
Standard advice I give everybody: Think about the product whatever company you are considering investing in makes. Is it one you use, or would use if you had the need? If the answer is no, SELL. If the answer is yes, BUY. Working from the other end, think about a product you wish you invented/owned. Buy the company that makes that product.

A company that makes a good product can eventually figure out how to make money; a company that doesn't make a good product probably never will, and will probably lose money in the long run.

On a similar vein, if you find yourself investing in one type of stocks (from one "side" of the market, one niche as it were), try to find websites/magazines/journals related to the trade/industry. You can get a good feeling for how things are flowing/trends are going by following the trade publications in the industry, which can help.

/tk
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