I notice there is a similar book on the market. Let me compare this book to mine and hopefully you will agree with me mine is a better book
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This book |
The best 100 stocks to buy in 2020 |
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Date of publish |
07/28/2020 |
12/10/20191 |
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No of stocks2 |
14 |
100 |
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Performance |
3 |
4 |
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Stocks 5 |
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Sold |
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250,000 copies 6 |
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1The publish date is important. The weather man predicts the weather tomorrow better than a month away. This book was written before the pandemic. Hence, the recommended stocks in airline and leisure sectors will lose big time. Be careful!
2 The major reason for this author’s poor performances I bet is he recommended too many stocks. I rejected most of his recommended stocks.
3 I listed my performance in Book 1.
4 According to one reader of his book, he did not include performance of his last book and he did not beat the market for the last 3 years. Check out the comments yourself. The blind leading the blind!
Most of his recommended stocks have Fidelity’s Equity Summary Score less than 5 and most of mine have 7 or better. There is no balance required to open an account with Fidelity as of this writing.
Unless there are good reasons, I reject all stocks that have heavy insider selling. P/E is one important matric. However, it does not consider debts.
I also list simple technical analysis without using charts to enter the position when the stock is trending up.
5 I avoid most MLPs due to complicated filing tax returns. With folks working at home, I do not recommend any REIT.
6 When there are too many readers follow the same stocks, the performance may not be good in the long run.
· You learn from a real investor, not from an author who never makes money in the market.
· I recommended 20 stocks in an article Amazing Return in Seeking Alpha. If you bought them on the published date, you would have beaten the S&P500 index by over 100% without considering dividends as demonstrated in my other article A Tale of Two Portfolios.
· I made 50% in 2018 by using my year-end strategy. I challenge any investor with this monthly return in a diversified portfolio of 8 stocks or more.
· As if 1/2020, my annuity (not recommended to most) grows to 5 times mostly using Fidelity’s funds for sector rotation. The one-time investment was more than my highest annual income during my working years. Hence, I am not using my best performer among many.
· I achieved 80% return in my largest taxable account in 2009. It could be the best time to buy stocks and I call it Early Recovery.
· Recommended Apple at $55.72 (1-7 split adjusted) in April 19, 2013 as the only example in my book Scoring Stocks and I recommended selling it at $132 on 2/2015 with valid arguments described in this link.
http://tonyp4idea.blogspot.com/2015/02/dump-apple.html
· My motivation to write this book is to share my experiences, both bad and good. If you are looking for ways to make 100% return overnight, there are many other books claiming to do so, and this book may not be for you.
· Jesse Livermore was probably one of our greatest traders ever. Yet he ended up losing most of his money and then killed himself. The major reason was he did not follow what he preached. Recently a 20-year-old, Robinhood trader killed himself after losing $730,000.
We need to diversify our investments and it is better to be a turtle investor. Avoid risky trading such as options, margins and day trading.
