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whatthehey

(3,660 posts)
13. Scorpion and Frog. Out at @12.80
Fri Jul 29, 2016, 09:15 AM
Jul 2016

This by the way is a perfect example of how I have tried to tell people anyone can make money out of this "rigged bankster casino" without being a financial expert in any way.

Buy profitable companies with manageable debt (a couple of clicks to find this out on any stock page like Google, Yahoo, CNN etc with no math or accounting skill needed) and dividends if possible on bad news drops and sell quickly when they recover a couple percent or more, because investors always overreact on bad news, and any profitable company without crushing debt will almost always recover fairly quickly.

I've done hundreds of trades like this in the last few years in good markets and bad and I've lost once because I forgot to check debt (WTW - I sold for a loss on the Oprah bubble to minimize losses). Everything else has averaged 11 days to get a typical 2% return net of fees. Compare that to a 1% savings account or 2.2% 30 year T bill.

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