Non-fluffy thoughts posted at //investorplace.com/2013/03/10-top-stock-charts-to-watch-in-march/
Archive for the ‘Free Newsletters’ Category
The number of sites to take money from suckers is only slightly smaller than the number of suckers. Still,when it comes to investing, the good shills looking to get your money give you enough real stuff to get you to pony up for for the “rest of the story”. One good example is Buying a Beaten-up Stock at the Right Time and Right Price , which is an article aimed at getting you to pay for their predictive software that gives you a good education on what to look for even if you don’t buy. I don’t know how good their software is, but I do know their pitch has all the right moves.
I became real good at managing my credit score 30 years ago, and have just been too lazy to write it up. There is a fairly good article at Dolans.com to get you there if you don’t know how.
How is this cheap lazy investing? First, there are lots of companies that will charge you from $5 – $5,000 to do what you can do for free. And if you have ever tried doing much of anything with a bad credit rating, you know it is hard. It is less work to maintain good credit than to re-establish it, and still less work to re-establish knowing what to do than guessing.
I went to the Fool site today to look into LEAP (and decided not to, thanks to the CAPS). The landing page had a really interesting article on BofA. I only hope they are right as it will make me feel better for exiting early (and profitably) on that one.
I love the content at the Motley Fool, and if I ever get rich I will subscribe to their newsletters (the newsletter is definitely lazy, and cheap is always relative). Meanwhile, I get their teaser ads and the ones that actually tease me I go look up on the Gumshoe site.
This particular tease really caught my eye, and the Gumshoe’s thinkolator came up with a stock I looked at a long time ago (Precision Castparts Corp. (PCP)) and should have bought then. Now, I will hold off for the drop that askStockGuru is looking for today, i.e., around $74.
There’s a new newsletter I signed up for (Pristine) that pointed me at Big Lots (BIG). My rule about buying the stock of the stuff I buy is about doing so early on, where I have been shopping there for years (in fact, the desk I am writing this from I bought there).
So, today the numbers look good. I’m cheap (are you getting that?), so I am going to wait on a pullback from the current ~$23 to somewhere in the 20’s . Hopefully it will be shortly before an earnings announcement as I notice they are good about providing a positive surprise there.
As a result of being cheap and subscribing to lots of free investment info, I get more than my fair share of emails advertising to idiots. One of my a favorites (mentioned last week but received again this week) offers “free stock picks” for paying for a stock pick newsletter. Does that mean the free ones are good and the one you pay for are worthless, or vice versa?
Anyway, today’s junk mail was this offer for a special report of ten top picks. I would have bit, knowing full well it would increase the work of my spam filter. But then I noticed that they had eight links in the email to the same place to get the free report. Which tells me that they are either too dumb to hire a good web copy writer for their pitches or are only looking for people so dumb that they have to be shown eight times how to get something for free. I can understand two (top and bottom of the email), even three if it is a really long email. But eight links? Nah, that’s too many. I’ll pass.
If you want to get it anyway, those eight links point to //www.newsletteradvisors.com. It actually came with a parameter, but that probably confirms my email address as a sucker, so I’m leaving it off.
Well, actually, I think you should consider it heavily first. What got me excited was to see an investment newsletter article that was recommending what to get out of without having already charged folks to tell them to get into it. But, this is cheap and lazy investing, not cynical investment advice reviewing, so I’ll just point you to the article that prompted my thinking on this topic over at Investor Place.
I haven’t done the research on their recommendations yet. I will say, when it comes to consumer stocks, I always expect the run to be a fad, try to find it on the way up, and then figure a point where I can get out with a small profit and what I call “free stock”, which means that I managed to sell enough of the stock I bought within a year to profit 15% (to cover the taxes) and still have stock to hang on to. If the stock goes down, I’m not really out anything except the satisfaction of “I told you so”. This only failed once, with Washington Mutual. If I had dumped it all, I would have doubled my money in 14 hours. Instead, I had a one day high, and now own stock that would cost more in commission to sell than I could get for it. Maybe 20 years from now, people will collect loser stocks like cars that didn’t sell well.
Yeah, I just made that one up: Yet Another Top Ten List. The Dolan’s have much more time to write (or borrow) content than I do. Keeping up my lazy rep, I’m just going to link to their list of free top ten articles on their site for May. You can be cheap by just reading them, and lazy by only following the parts that make cents.