American Bill Money - abminfo.com scam!!! Don't spend your money on this crap.
Clueless tycoon can't believe he still gets these letters/post cards after 10 years or so. Many moons ago he signed up for a "work at home" program, where all you had to do was send letters to random people and they would send you money. Simple right? Wrong, wrong, wrong! Not only was it stupid to do, it was a complete waste of time and money spent on stamps, letters, envelopes. Not to mention getting my name stuck on a mailing list somewhere.
Sometimes I go grocery shopping with my family and I noticed this old lady at the cash register. I have seen this old lady before working there, but this time it just struck me as odd. I'm not sure how long she has been working at this particular store, maybe a year. That day, that moment just got stuck in my head. The time was around 6pm.
I like watching cnet on cars with Brian Cooley. In a more recent video, he related his tips on finding a good reliable auto repair shop. I thought he was spot on in my experience in dealing with auto shops. Some of the auto repair shops are just plain shady, especially to ladies, but can happen to guys too.
American Apparel, APP (currently trades at .55 cents), a clothing company created by Dov Charney. Dov has been fired from his job as CEO of the company due to allegations of sexual misconduct and other things. The company brought in Paula Schneider. Paula has years of experience turning companies around, from debt-ridden positions to profitable healthy companies.
My search for ten baggers on the internet hasn't been promising. Although they can always be found after-the-fact.
For example, if you look at barchart's 3-year stock leaders for the best performing stocks, you would see about ten stocks that are ten baggers or higher. Meaning they went up at least 1000% with one (VIPS) going up 5000%.
So I know there are stocks out there which are capable of hitting the ten baggar status, but knowing which stocks to pick is the tricky part. My search always comes to either penny stocks or Thomas Bulkowski’s website.
If you're familiar with value investing, then you should know what intrinsic value is and how to use it to find stocks for bargain prices.
Basically, if the intrinsic value of a stock is $20, but the stock currently trades at $5, you would be looking at a $15 gain or 300%. This means the stock was undervalued.
And the opposite would be true, if the stock was trading at $20, but it's intrinsic value is $5, the stock is overvalued and not a bargain.
There are a few stock intrinsic calculators out there on the web. Some are more complicated, but there are easy ones where you can just enter the stock ticker and hit calculate.
There's also websites like gurufocus (free to use, although there's a pestering pop-up if you don't sign up for a free account) that will do the work automatically, with their "Fair Value Calculator."
I have been going over the book, The Millionaire Next Door, and there are some great points in the book. If only I had seem something like this when I was in my 20's.
Just a guy and some friends trying to make sense in the world of investing. Also in search of the elusive ten baggers. The clueless tycoon wanted to keep a journal of sorts of when, why, and what he bought. Also post any other random crap the clueless tycoon finds around.