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re: Thinking about quitting stock picking
Posted on 8/26/14 at 4:03 am to rintintin
Posted on 8/26/14 at 4:03 am to rintintin
quote:
There are a plethora of small and mid cap stocks that have achieved that in only the last couple years.
depends on how one defines 'plethora'.
according to Fidelity, screening for over 500% return over last 3 years:
49 out of 3,807 with sales over 100mm (1.3%) and 74 with sales over 25mm (1.6%).
Can be done, but I sure wouldn't plan on it...it's certainly luck, not skill when one hits one of these as unknowable variables are virtually always the primary factor.
having rained on the parade, I'm believe that I am going to spend the next few hours finding the next one
since the market has been on an historic run the last 3 years, I'd guess the number that return 500% over the next 3 will be less than 1/2 of the last 3, so there are about 20 companies of the 5k or so listed I have to locate...maybe it will take more than a few hours
2
Posted on 8/26/14 at 4:16 am to Ole War Skule
After doing some reading, I have no idea why the average joe blow would pick individual stocks, other than the thrill of gambling.
Posted on 8/26/14 at 9:32 am to Ole War Skule
Why you gotta go and throw facts out to crush my dreams?
In all seriousness though, I'm not advocating everyone putting all their money in individual stocks and swinging for nothing but homeruns. As I've stated in this thread I have a good portion of my money in index funds just like everyone else. I just don't subscribe to thought of not even attempting to pick stocks because it's a "fools errand" or whatnot. Many things are a fools errand until they work out. There's only one guarantee in the stock market, and for life in general really, and that's if you don't try it surely will never happen.
In all seriousness though, I'm not advocating everyone putting all their money in individual stocks and swinging for nothing but homeruns. As I've stated in this thread I have a good portion of my money in index funds just like everyone else. I just don't subscribe to thought of not even attempting to pick stocks because it's a "fools errand" or whatnot. Many things are a fools errand until they work out. There's only one guarantee in the stock market, and for life in general really, and that's if you don't try it surely will never happen.
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