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Best Stocks To Buy

“We can help you find the best stocks to buy. “

That’s what many different websites are promoting these days. Which ones can you trust? Of course you have to take into consideration all these websites are pushing penny stocks. Their “stock tips” will only deal with stocks that the price-per share is less than one dollar.

Here at Buy Stocks Online, the best stocks to buy are the ones that have a solid foundation. It doesn’t matter if the stock’s price is $0.05 per share or $240.00 per share, if the company is on the right path, the share with go up in value.

Here are my best stock market tips to help you decide how to buy stocks smartly.

1. Read. Be prepare to read a lot too. You must do hours of research on several different stocks before you find just one to buy. Read their quarterly reports for the last year and a half, read all the news you can find about the company and it’s goals (short and long term) are. Read about their products and/or services. Check a reputable stock market forum and read what the members are suggesting. Check your community college for stock market courses that you can register for. After you find the best stock to buy, you should still do at least one hour per week of research for each company you invest in.

2. If you don’t know how to look at a company’s stock chart, then you need to learn. It’s very important to know how to read the charts. Watching a stock’s past performance can help predict it’s future performance. Watch how the price moves over time as well as the stock’s volume rises and falls. Understand the 50, 100, and the 200 day moving average.

3. All stocks prices rise and fall throughout time so it’s important to know if you’re buying the share at the right price. Be patient, don’t jump the gun (sort of speak). If while you’re researching a stock over the past week or two, and the price-per-share has jumped up by 8+%. You have to be patient to wait for the price to pull back before you buy. All stocks will have a pull-back in price. It is healthy for a stock to drop down in value 3%-8% after a big run-up in price. Profit-takers will sell off their shares and sit back until the price takes it’s drop and then jump back into buying those stocks again. Never chase a stock. Many times beginner investors have lost quite a bit of money because they think they are going to miss out on the rally, only to get in at the end when other investors are taking their profits.

4. Just because a stock is working out great for someone you know, don’t think it’s going to do the same for you. His/her may have different needs, goals, or time on their side for their reason for their trading technique and level of risk in their portfolio. You should not take “stock tips” from anyone. There is no such thing. Yes they can go ahead and say buy Research In Motion (NASDAQ:RIMM) or Pfizer (NYSE:PFE), but they don’t know if those types of gains are what you’ll need for retirement or discretionary spending.

So in my opinion, the best stocks to buy are the ones that you find for yourself by doing your research, analyzing the charts and showing patience.

Reader Question:
Have you ever invested in the stock market? If not, what stops you?

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Filed Under Buy Stocks Online | 5 Comments

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5 Responses to “Best Stocks To Buy”

  1. Arvind Ragunathan on September 13th, 2010 9:55 am

    I’ve never invested in stocks because the volatility of the market scares me. The fact that there is plenty of chance for me to lose a lot of money is stopping me. Another main reason is the lack of knowledge I have on the subject. I have been scouring the internet for a site that arms me with knowledge to invest boldly and this blog looks like it fits the description perfectly. As they say, “Knowledge is power” and this blog provides me with just that.

  2. Monika Witkowska on September 14th, 2010 7:00 am

    For the most part, what keeps me from investing in stock is pure fear that the market will go against me and I will lose all hard-earned money I put into it. I feel like I do not know enough to make a sound decision on which stock to invest in, which has a potential of growth and which fits my investing profile. I believe most people feel the same way. They either do not know how to invest or look for short-term satisfaction rather than a long-term investment strategy.

  3. Arjun Roy on September 16th, 2010 12:31 pm

    Before the recession, the stock exchange was my bread and butter. I did pretty well and made quite a lot of money. But I made some careless and stupid decisions without much research because of overconfidence, which primarily led to my decline. Now, I am a part time lecturer at a University and invest for fun after careful research no matter how confident I am about the stock.

  4. Betamathews on September 16th, 2010 4:39 pm

    I know that millions of people around the world are buying stocks and they make lots of money from it. However, I have never invested in the stock market because I am scared of losing money. If a person knows the ins and outs of the stock market very well, then they can make a lot of money but if they do not have a good knowledge, then he/she will be in a great loss. I will say that your article is very informative and it gives a lot of information about buying stocks. The steps you have provided are great and I am sure many beginners will gain knowledge from here. Thanks for sharing.

  5. Amrit Sukhani on September 17th, 2010 11:06 pm

    Definitely – I have invested in the stock markets before. I am generally interested in long-term investments. Day trading is something that I never get involved in. I study the fundamentals of the company FIRST and I do not invest one penny in stocks having poor fundamentals. I also calculate the support and resistance levels of the stock.

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