Tuesday, April 26, 2016

Was buying Goldcorp and all that oil and gas stock at their recent low a good idea? I think so. Just look at the increases below.

ARC RESOURCES           +10.30%               
ENCANA                  +96.04%
GOLDCORP                +44.17%
KINDER MORGAN           +11.04%               
ROYAL DUTCH SHELL    +12.03%
SUNCOR ENERGY           +21.67%


Isn't oil and gas being supplanted by renewables?

To a degree, yes, but it is not happening over night, and may not completely happen in my lifetime.

Friday, April 8, 2016

I would really like to buy some Tesla Motors Inc (NASDAQ:TSLA) stock ($250.07 down $-7.13 (-2.77%)) but by my own investing rules I can't.

See, I can't really read a balance sheet or income statement, but I know they are important. So, I do the next best thing. I invest by color. If I'm considering  investing in a company and its balance sheet and income statement is all black I'll give it further thought. If there is any red, I steer away.

Tesla, right now just has too much red. Will the pre orders of the model 3 offset the red? I don't know! I can't even read a balance sheet for crying out loud.