I got my first taste of the stock market about 10 years ago when I opened up a spread betting account and started trying to guess which way the values of shares would go.
I cant even remember which shares I was looking at but I’m fairly certain I wasn’t doing any sort of decent research.
Since then I’ve sporadically invested in various companies for a multitude of reasons. Some have done well (Afren – before some dodgy accusations about bribes from African officials). And others haven’t done so well (1 spatial – I’ve got to remember not to invest in companies that don’t make any money!)
To encourage myself to keep researching new companies and also as a way to keep track of the reasons I invested/didn’t invest in certain shares I’ll be writing down my findings in blog posts here. The first post will be out this Wednesday.
Most share picks will be going into my portfolio and staying there for years. I don’t have any intention of becoming a day trader and flipping stocks for quick profits based on news or rumours. I’d like to think I’m heading towards being a Warren Buffet style trader in that my aim is to buy good companies at a cheap price and keep them forever.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. – Warren Buffet
I’m also hoping that at the end of each year I can go back through this series and make a summary of good/bad points of things I’ve learnt over the past 12 months of trading that will help me improve how I pick stocks and also figure out when to buy/sell them.