Tuesday, November 18, 2008

My Venture into Money Management

A long time friend of mine recently sold his interest in a large business for several million dollars. Although he is partial to real estate, he has agreed to let me invest some of his funds in my brokerage account.

He has long followed my trek into stocks, and Stock Assault, so now I get to prove that there is money to be made in investments other than real estate. A lot of it, in fact. I think he is going to be pleased with the results.

I will document every step of it here on the blog. My buys, my sells and the reasoning behind each. I also am going to teach him my methodology and empower him to do the same thing so that one day he will feel comfortable investing by himself. So far the greatest thing he has heard from me is the word "stop-loss." It's very comforting to someone with a lot to lose.


Sunday, November 16, 2008

Clarification on Equity Grading System

It was recently pointed out to me that my little grading tool was giving some low scores to seemingly solid stocks. I should have noted that the scores produced are only valid on a month to month basis and are intended for swing trading only, and not long term.

Also, I would like to thank all of you on the feedback I have been getting. It is very encouraging to know that people are actually seeing my posts. My goal is to help people to make a little money in these crazy times. Any suggestions or comments are always welcome.

Have a good one,