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Re: wow_happens28 post# 249

Wednesday, 05/04/2022 9:36:32 PM

Wednesday, May 04, 2022 9:36:32 PM

Post# of 381
Thanks. Picking individual stocks is tough, especially small and microcaps. Numerous times in the past I tried to concentrate on a single stock, or a small handful, but results were poor. I decided to follow Warren Buffett's advice about mainly using an S+P 500 index fund. I sprinkle in some sector ETFs and individual stocks to spice things up, but only small positions, usually a $1000 limit.

One microcap that has been a nice steady performer is Winmark (WINA). Check out their 10 year chart, a beautiful uptrend year after year, amazingly steady for a microcap. I use the 10 year chart as the main screening tool for stock ideas. Steadiness is key imo since it minimizes the angst component, and makes it easier to stay the course.

But every investor is different, so whatever works. Falling in love with a stock I've done several times, but it never worked out. One went bankrupt and one is a sub-penny now. As you said about RIBT, these stocks can truly become 'a curse'.



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