very good as well,, thank u thank u
Do I Need to Hire a Fundamental Analyst?
- Thread starter systematictrader
- Start date
very good as well,, thank u thank u
yes,,, i recall reading on CANSLIM,,, its been a while and i actually forgot about it all together iam going to check out ur links because i do recall that they do have a service where the summarize their info which makes it not too much of a burden for me to undestand considering i keep my maximum efforts in forex and futures,,,, thank u thank u,,, and thanks for sharing the stories they do come in handy
i agree, thats why iam preparing to systematize and standardize the entire process so that iam confident of it when market starts dropping,,, despite the fact i have human and earning capital to be able to average down viciously i would like to make sure that with my strategy iam picking up the most solid companies that will weather the storm smoother than others... and most importantly if possible avoid failing ones,,,, cuz one failing means a total loss of 10k which means it would take 5.5 winning stocks to make it up since i exit at 18% profit (3 years worth of dividend)
i agree here, but my goal is NOT to constantly read stock charts,,, i maintain that energy and focus for developing the systems in forex and futures which is where ive been successful trading the most,,, ive been successful in stocks investing wise, but i can not say that i succeeded in stocks TRADING,, and considering that i max out my pretax contributions in ira and 401k it helps me average down sharply,,, but as my stock portfolio gets larger and larger of course its gonna be harder to average down thus iam working on staying passive and adding more inputs to the process so that when a downturn comes iam confident in the approach of investing
i TOTALLY agree cuz iam from the school of thought that u come from as welll,, but lets dive deeper a bit please,,, lets take a look at MACYS right now for example,,, at 25.16 the stock would be yielding 6%,, charts tell us stock is hammer, stock is on down trend,,, etc i get it,,, but iam looking to buy the stock at 25.16 and collect 6% dividend if keeps going lower or sell it if it goes up 18% which is 3 years worth of dividend which makes its price29.68,,,, the question is dont u think fundamental analysis here would add value on whether this company is staying in business, maintaining dividend? if insiders are selling? buying?? etc,,, ur inputs are appreciated it
thats what i debating whether its worth it for me to do the work without finding myself straying from my main trading of forex and futures or whether i should just hire an analyst to do the fundamentals
Can you hire 1 for like a few hours a month say $100 per hour, or would you have to hire 1 full time, get the feeling they'd want 100K per year, that's going to swallow huge amounts of your profits unless your already a multi millionaire ofcourse.
And if you are, go have fun spending it, don't try to become richer.
yes definetly not a mutli millionaire yet, idealy what u said i believe works very good, i can confrotably afford one for a 100 dollar an hour for lets say 4-8 hours a month at least as of now,,, and probably if he is in rythem with what he does he probably wouldnt need much time to provide me with the basic fundamental analysis iam after,,, thanks thanks ,, this is all helping
Stay in futures and forex. From what I can see of your wish to do in this "collecting dividends from companies falling in value", you really are grasping at straws. How's that dollar-gas card idea going by the way? And your progress in starting up your own hedge fund?