Best Stocks Now
November 1, 2014
There are several investing styles that may help you rapidly increase your net worth. In the beginning it is best to ramp up your savings but once you get into higher numbers being invested, say above $100,000, 10 or 20% gains tend to be significant amounts. One great approach is to use index funds across diversified sectors, as this minimizes fees and it tends to beat about 80% of active investing styles. Another approach is to focus on being in the right sectors at the right time, as some part of the stock marked is always making money, be it up or down. One of my favorite ways to take this sector approach is through Bill Gunderson’s Best Stock’s Now app.
What is fairly unique about Bill Gunderson’s approach is that he combines both value and momentum investing, so helping avoid value traps (it is a low cost stock because it isn’t actually worth anything) or momentum stocks that are far too expensive and likely to fall rapidly in price from the slightest bad news. He has a newsletter that you can sign up to here, which is free for the general information/health of the stock market. He also has a daily radio show, if you want to hear about the market each day and about certain stocks that have caught his attention. I also bought the best stocks now smart phone app, as it is a great way to zoom in on the sectors of the market that are working, and the specific stocks within these sectors. All the major industries are covered, which includes international and emerging markets, leveraged and inverse sectors. Advantageously, sector ETFs are included in the general analyses, if you want to take a broader approach to the sector that is on fire, and there is even a mutual fund section if you are limited in your choices in your retirement accounts. (Please note that I tend to do my most active investing inside my retirement accounts, so as not to get heavily penalized by capital gains taxes).
If you want to learn more about this app, watch this video by Bill Gunderson explaining his app: