Wednesday, February 19, 2014

But I don't have an aggressive portfolio

From the inbox, someone's idea of a hot stock tip. I, uh, don't think this is a great buy, according to what I see from Derek's blog over the years.

For future reference, I do not recommend the purchase of individual stocks for a retirement portfolio. But then again, I'm a pretty boring guy and I like to stick to pretty boring advice.




7 comments:

  1. Wow! You're so lucky to be getting spam from people who want to make you money. After all, unsolicited stock advice from people you don't know (I'm assuming you don't know them) always works out well for the buyer. {/sarcasm}

    I don't know enough to be able to invest competently in individual stocks, but if I did, I don't think spam would be my most likely source of stock tips. At least not for long.

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    Replies
    1. Heh. It's not really spam, it's someone getting the blog's e-mail address from PR lists. Yeah, it's not really spam, that's the ticket.

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    2. I somehow got spammed by a penny stock boosting scam. They would buy a penny stock, spam everywhere to get buyers, and then few weeks later sell their position and crash it. (pump and dump)

      I researched the spam company, and got on as many of their mailing lists as I could find, so I would know first about their pump and dumps.

      If one were to buy immediately at their first email, and sell a few days later during their constant email campaign, over a 5 day period for each of their pumps, you were looking at a 25%-ish or more gain. I had a spreadsheet and everything I compiled over a few months tracking price action-vs-email campaign.

      Unfortunately I think they were shut down by the SEC before I could make use of my statistical results.

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    3. My spambox is telling me PRFC is the next big penny stock!

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  2. Here's another strategy I like to use for stocks: "buy low sell high". The corollary: "short high and cover low", also works.

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  3. Besides, the time to have bought Isis stock would have been after the European strikedown of Kynamro, but prior to the FDA approval of it. Which goes along with biotechtoreador's strategy.

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  4. Yeah, I'm a fan of the "Couch Potato" approach. Not too many Canadian options for cheap mutual funds, so I prefer ETFs.

    http://canadiancouchpotato.com/model-portfolios/

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