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So some people have tried asking me what the best stocks to buy right now are. My reply is usually very entertaining. I love to tell them silly things such as "probably the ones that will go up in value the most". They say, no really, give me some stock picks. I say, look I told you that the stocks that are going up are the best to buy, why would you want to know anything else, if I gave you stock picks, you would eat for a day. But if I teach you how to find the stock picks, you eat for life. Well, maybe not "eat" but you know what I mean.
Sometimes they just look at me with a bewildered look on their face like they don't even know what planet I'm from. That's okay, I'm a little bit animated and something like that of a goofball. I really don't buy stocks to make money like everyone else, I buy stocks to prove people wrong. I'm a contrarian by nature, and that means if everyone else has been selling a stock, I'm buying. Suddenly home builders look good, suddenly banking stocks were great buys when everyone was selling. But if you aren' t convinced that it's going to work out, it's not the best stock for right now.
It's difficult to make people see that the best stocks to buy right now, aren't neccesarily going to go up right away, it's possible for the best stocks to get better as more people sell. The best stocks right now are ultimately the ones that are going to be worth the most when it's all said and done. Okay, so there I am again stating the obvious... quick, someone give me the freakin John Madden Award... The team with the most points should usually win the game! Boom! The stock that has risen the most in price usually would have been a profitable one to own! I'm some kind of psychic, only without the special power to read minds. So in other words I'm not psychic at all. But you dont have to be to buy stock, you just have to know that when the money has flowed out, but the company continues to report positive earnings, that the investor capital will eventually flow back in and that drives stocks up. Look at it like this.
A hot dog is pt away from the mouth and on the grill, then it's put back on a bun, and then on a plate, and then in a hand, and thenback in your mouth. It's like the circles of life dictate that what goes down may not go back up to it's same height, but it won't go down forever. Eventually gravity pulls something until it hits rock bottom. Find a solvent company and buy in steady incriments, and if it stays solvent, it will go up. Even if you start buying it at $100 and it goes down to $50, then only goes back to $80, if you bought every $10 down, you make money. This only works when you use money management.
But lets take another perspective, afterall, I'm just a weirdo blogger with a bad hairdoo... on the other hand, my hair wasn't bad until this morning when I got it cut, but that's probably not what you want to hear about! LOL.
Okay so the other perspective on the best stocks to buy right now.
You go from stage of deflationary fears to printing money, to printing too much money, to needing to spend that money, to that money flowing until there’s no places for it to flow to, to other countries losing faith in the doller with all the printing and they sell, to a panic among other owners of the doller.
Maybe I was right. Anyways, that means that maybe the best stocks to buy right now is not all that great if you cash out in dollars. It sounds to me like.... UH OH HOT DOG!!!
(picture of bobby lee "uh-oh hotdog")
Okay, so Bobby lee knows that the stock was that big, but how many more times are you going to be able to handle the market going crazy on you. It doesn't do you any good to buy the winner of the best stocks if you cannot manage the ups and downs. So it's tough but this stock market is probably not for you and there are no best stocks to buy right now, so grab your favorite bomb shelter, put on a foilhat, and enjoy being as crazy as I am!
Okay so that's not the best post and I'm not crazy buy you cant put to much "stock" into what I say right now because I'm feeling weird, k bye.
