Never ever make a long-term investment decision that is only hope-based and prayer-based.
I strongly believe that one does not need to be a genius to realize that what I have just said is plain common sense.
But there’s a problem.
It’s not as common as you might think.
I get asked by a lot of people on what they should do with their stock investments.
When I ask probing questions, guess what their common denominator is.
The pushing of the buy button happened before studying their action.
And then, no matter how passionately I deliver my data-driven advice, that even a fifth grader would understand, they will just say, “Thank you for that wonderful answer. I’ll just keep on averaging down HOPING that, one day, the price will recover. God is good.”
Yes, hope is beautiful. Yes, God is good all the time.
I’m sorry for being blunt but if hoping and praying are the key ingredients of your investment decision, that’s as good as a self-inflicted capital loss or capital depreciation.
Do not do that.
First, check which stocks are fundamentally sound.
Second, check if technical analysis gives you a favorable reward-to-risk ratio.
That’s what I exactly did with our Top Stock Picks.
Are you familiar with our Top Stock Picks?
Anyway, I’ll tell you more about it.
We keep our BUY rating for the 14 stocks that are in our Top Stock Picks.
These 14 stocks are fundamentally sound and among the most undervalued stocks compared to their peers in their industry.
Technical analysis gives us a very good reward-to-risk ratio per stock.
Jaycee De Guzman
PS: Check our track record and testimonials on that page. Yes, the introductory subscription fee is only P399.00 per month. Subscribe while it’s this low.
- AskJaycee#13: Will the Stock’s Price Go Up or Down? - June 19, 2020
- AskJaycee#12: Will the Philippine Stock Exchange Index Re-enter 7,000 This Week? - June 15, 2020
- AskJaycee#11: What’s My 7-Step Advice for Stock Traders and Investors? - April 23, 2020