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.
A fed up investor creates and manages his own portfolio and ranks it against experts, the TSE index and a well known mutual fund.
Tuesday, April 26, 2016
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.
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.
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