When is the best time to buy? When something happens that makes the market price of a good company drop far below its real value, a.k.a when there’s a Rule #1 event! Let’s discuss what it means to buy a stock “on sale” and how it can help you get a better return on your investment. http://bit.ly/2ObH0OZ
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Can you think of any events that put a company that you love on sale? Leave a comment below!
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Thank you very much, Mr Town!
God bless America!
Another clearly explained video about the basic rules which is whats its all about really. K.I.S.S. Patience!!!!
Perhaps i could add– Did the stock drop because of the market in general OR a problem with the stock. Also a problem with the stock will also have the stock drop with the market perhaps disguising an issue with the stock. So after a market drop, you also need to know the current status of any change with the stock as it could have been golden when you added it to the watch list, but now changed. So any stock, you need to review the fundamentals before buying it no matter that it went down. Markets change and companies change, so you have to be ready to adjust your plan accordingly. Never ASSUME anything and never act with emotions. That sadly makes most unsuitable to trading well, buts its something you learn to keep under control or not…
It's been barely 4 months since I began my Stocks investment and it has yielded close to $350k with just an investment of $200k, Stocks investment can make someone financially stabled.
You could buy a stock when it's at an all time low, on a ex dividend date or when they are reporting earnings. There is a lot of situations like that. You just need to look and watch. There are sales all year long. Now it's the time of the year. There is a lot of earnings reports and sales going on. Do not forget to create your watchlist.
Averaged down nicely on my stocks off the back of the corona hangover FIRE SALE!!
Impatient boss … ? Ha! I have an impatient wife just the other day bugging me to find more wonderful companies to invest in.
Sorry Phil.. I love your videos and stuff.. but you keep repeating yourself in this topics.. and you are not really telling how to do it.. how to find these good companys on sale.. you just telling us to wait for an event that will drop the market or that specific company price.. not what I was waiting for. But.. ok..
I bought Tesla at 250
Don't listen to this dude! Just buy a low-cost index ETF like SPY, VTI, or VT, and passively hold it for years! People a lot smarter than you can't beat the market consistently, and there's overwhelming data that proves this!
Any suggestions on apps or websites with help for newbies?
Incredible video, and well explained. 100% agree here – as retail investors we have the flexibility to buy and average down on our positions – and enjoy big returns in the long run 🙂
Great explanation
3 years – short term? C'mon man. It depends, of course, but 3 years – a period to consider, it's not really short term. But the overall message is pretty fair – nobody's smarter than the market, there are more patient ones that the others.
Some major potential events coming up
What if all 5-10 of the great companies you pick are so great they don’t go on sale for another three years? And in that time they all post high double digit annual returns. If you sat out that whole time, by the time you get it on sale you’ve actually lost money, or the gains compared to just getting in today are so small that they’re hardly worth the anxiety of standing on the sidelines and waiting a hoping for something bad to happen. I’d rather be in the game and cheering my companies on to do well and profit when they do, and keep my cool when they falter knowing they’ll bounce back.
I’ve got my eye on Tupperware brands stock. It’s at an all time low and just waiting for it to find it’s bottom. I watching forecasted earnings reports. You would think it would turn around eventually. If not I won’t buy.
Hey Phil Town! Msn money doesn't give out the 10 year information for the big five numbera anymore. Do you know where to look them up for free?
Thank you for being very clear and precise on Rule 1. Love your videos
Take a look at CNXM, EQM, and NBLX.
Rotten/Unrealistic Example: An event dropping a stock's price 60% from $100 down to $40. One could grow old & die waiting for such an event. Phil needs more realistic example.
Also it is just silly_talk advising people to wait until they find (Phil's words) "double your money" opportunities!
with corona virus some sectors are getting beatean down – lodging, transportation, some miners(copper). but no 50% sales… yet.
Great video as always Phil! You had me howling when you mentioned Tesla.
I am up 147% on tesla in 10-11 months
Sorry I liked before watching the entire video. Haha; thankyou for your expertise.
Its seem great but every single day microsoft getting higher, higher and higher… i didnt purchase from 140 now it is 170
Patience is key when investing. ?
Great video Phil, thank you! It really is hard to find companies like these! I myself am waiting for AMD to drop more as they are recently in an extremely good place =)
Noone:
Phil Town: "Depressions and recessions are wonderful events!"
Would GE count? It’s a strong company but has been beat down for a couple years.
I think Coronavirus is an Event. So i`m going shopping with a "cup" ?
If I have like 10,000 do I need to keep looking for events outside my country?
Can you do a video about your take on what's happening with Tesla Stock?
I am reading your book Phil. Rule 1
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