kgh1021
Cashflow Apprentice
Posts: 21
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Post by kgh1021 on Sept 26, 2004 17:43:10 GMT -5
Anyone have a trading strategy they've been successful with?
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Post by TexasKnight on Feb 16, 2005 12:49:24 GMT -5
I will not claim to be an expert and I will also say that I am not a certified financial planner or anything like that but the most successful way that I have seen people make money in stocks is the buy and hold strategy.
If you read about the true greats ie Warren Buffet, Peter Lynch, etc. what they did is buy one or two stocks and then hold them for years. Also when you buy purchase things that you understand like Coca-Cola, Microsoft, Pfizer, Nike, etc. Strong companies that are able to weather repressions and the like, that have good cashflow, make househole name peroducts or services, that have excellent management, etc.
This is my strategy and it is working well. My family has bought Exxon-Mobil for generations and passed it down through the ages. Some sell their shares others suppliment their retirement income nicely with the divends and then pass it on to their children.
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