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Actual for You - Rate Yourself - A 20-Question Scorecard for Stock Investors
You've all seen the flashy Ferraris, huge mansions, and seemingly perfect lives of the big multi-level-marketing (MLM) distributors. The general public makes an assumption that these big time distributors must be making their money by selling of millions of dollars of products to their downline. But in a lot of cases, that is far from reality…Although a lot of MLM companies are are legit because they have an actual product to sell, there is a dark side to the MLM industry that you will never hear about when attending one of their business opportunity conventions.This is the secret side business that your overly zealous upline w
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “st
What to do when you win or lose.You have given your elevator pitch, you have met with the customer, and you have identified their business value proposition and their business pain as well. Now you have jotted down your proposal, detailing all of the information you have gathered. The proposal outlines the way you see the problem and the way the client sees the problem (if you used a consultative approach, you will be able to see the problem from the client's point of view). You have also given them three options for proceeding on the project. Now you sit and wait.Actually, you only wait for a couple of days so that the client ha
This Stock Investing Scorecard will help you understand what you do well, plus it will suggest areas where you might pay the most attention to improving your investment practices.
Score yourself from 0 (worst) to 5 (best) on each of the following. Then check your total score at the end to see where you stand.
1. I believe that the market is rational over the long term and rewards sensible, intelligent investing. I also recognize that the market is essentially unpredictable over very short periods such as a day or a week.
2. I always maintain a fiduciary duty to myself. I never forget Buffett’s Rule #1: Don’t lose money.
3. I know my investment goals and have clear strategies to reach them. I have written them out, and I review them at least once per year. I adjust or amend them when appropriate.
4. I only invest in excellent companies with sound business models that I understand. I must comprehend how a company makes money before I will invest in it. I will not fall for the next Enron.
5. I always determine a rational price for any stock. I only buy at a fair or advantageous price.
6. I know that a 50% loss on a stock followed by a 100% gain equals zero. Therefore, I am very careful to avoid a large loss on even a single stock.
7. I manage my portfolio intelligently and consistently. This does not mean that I trade a lot, but it does mean that I pay attention. I keep track of the results of each individual stock investment, and I make strategic decisions about what to keep and what to sell. My goal is to let my winners run and to sell my losers.
8. I know that any investment in the stock market carries risk. I actively manage that risk. I am willing to tolerate some short-term variability in my wealth in order to gain the long-term benefit of beating inflation through stocks. I am not willing to tolerate significant losses.
9. Before making any move in the market, I do everything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “sto
Avoiding bankruptcy no longer seems to be on most debtors’ lists of priorities and the number of recorded bankruptcies is soaring. There were around 70,000 bankruptcies recorded in 2005 and about 45,000 of these were voluntary bankruptcies. This statistic clearly demonstrates the worrying fact that a large proportion of debtors see bankruptcy as a debt solution rather than as something to be avoided.Bankruptcy trends are changing in a way that is concerning economists. In the late 1990s the UK also experienced increasing bankruptcy rates. However, 60% of these bankruptcies were as a result of companies becoming insolvent. The picture is
2. I always maintain a fiduciary duty to myself. I never forget Buffett’s Rule #1: Don’t lose money.
3. I know my investment goals and have clear strategies to reach them. I have written them out, and I review them at least once per year. I adjust or amend them when appropriate.
4. I only invest in excellent companies with sound business models that I understand. I must comprehend how a company makes money before I will invest in it. I will not fall for the next Enron.
5. I always determine a rational price for any stock. I only buy at a fair or advantageous price.
6. I know that a 50% loss on a stock followed by a 100% gain equals zero. Therefore, I am very careful to avoid a large loss on even a single stock.
7. I manage my portfolio intelligently and consistently. This does not mean that I trade a lot, but it does mean that I pay attention. I keep track of the results of each individual stock investment, and I make strategic decisions about what to keep and what to sell. My goal is to let my winners run and to sell my losers.
8. I know that any investment in the stock market carries risk. I actively manage that risk. I am willing to tolerate some short-term variability in my wealth in order to gain the long-term benefit of beating inflation through stocks. I am not willing to tolerate significant losses.
9. Before making any move in the market, I do everything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “st
Have you ever watched 5-year-olds play soccer? It should be called "Follow the Ball," because that is what happens the entire game. The beginning of the game starts with players in assigned positions. However, as soon as the whistle blows, all the kids form into a big herd guided by a little checkered ball.High school soccer is an entirely different experience. The players start in the same positions as the 5-year-olds. This is where the similarity ends. The whistle blows to start the game and the players...play their positions! What a difference a decade makes. As the players grow older and wiser, they learn that they must play
5. I always determine a rational price for any stock. I only buy at a fair or advantageous price.
6. I know that a 50% loss on a stock followed by a 100% gain equals zero. Therefore, I am very careful to avoid a large loss on even a single stock.
7. I manage my portfolio intelligently and consistently. This does not mean that I trade a lot, but it does mean that I pay attention. I keep track of the results of each individual stock investment, and I make strategic decisions about what to keep and what to sell. My goal is to let my winners run and to sell my losers.
8. I know that any investment in the stock market carries risk. I actively manage that risk. I am willing to tolerate some short-term variability in my wealth in order to gain the long-term benefit of beating inflation through stocks. I am not willing to tolerate significant losses.
9. Before making any move in the market, I do everything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “st
Would you like to attract more clients, customer orders and profits - for almost free? Or do you want access to another company's client database, or other valuable resources?Joint venture marketing is a fairly new concept and is the act of matching two or more companies that have a natural, powerful synergy between each other. For example, a business that sells golf equipment would probably get a great response if their customers were offered golfing holidays by a different company. Both share in the revenues and profits generated.The benefits of joint venture marketing and establishing strategic allinaces are potentially huge f
8. I know that any investment in the stock market carries risk. I actively manage that risk. I am willing to tolerate some short-term variability in my wealth in order to gain the long-term benefit of beating inflation through stocks. I am not willing to tolerate significant losses.
9. Before making any move in the market, I do everything I can to stack the odds in my favor. I know that the best results come when I have an edge. The edge can be better information, better analysis, an advantageous price, better risk management, or a combination of all of them.
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “st
In this day and age of the Internet, the world of commerce and communication has changed drastically. Savvy businesses know that in order to be successful in this new world, they must take their place online with an effective and consumer-friendly website. And in order to make this online presence one that works most efficiently for your business, you must depend on an equally efficient web hosting company.The vastness of the Internet is incomprehensible to most people. And while we know that the Internet itself is not a physical space, we still understand that its resources must be accessed in some way. A web hosting company accesses t
10. I read, analyze, and do my own thinking. I am always striving to improve my investment practices. I never buy a stock solely on a tip.
11. Whenever I am interested in a company, I write out its “story” in a few sentences. This includes the company’s business model, its strategies, its prospects for sustainable profits, and (especially) its competitive advantages. If I can’t understand the company's business enough to do that, I don’t invest in it.
12. I only purchase a stock when it is showing strength. I want each of my investments to get off to a good start.
13. I always look for companies with the best prospects for long-term earnings growth. I know that over the long term, stock prices follow corporate earnings.
14. I invest only in dominant companies. They have competitive advantages that will enable them to sustain earnings growth.
15. I never trust management which has demonstrated a lack of integrity.
16. I have fun investing. I don’t overextend myself, and I never put money into companies that make or do anything I don’t admire.
17. I am wary of companies with excessive debt, because I know that it is as hard for them to handle as it would be for me. The mere fact that other companies in the same industry also carry lots of debt is no excuse, because I know that every company chooses its capital structure. No solid company needs to be over its head in debt.
18. Although I do not demand that a company pay dividends, I do consider the regular payment and raising of dividends to be a big plus factor.
19. I run my investments like a business. I am dispassionate when making buy, hold, or sell decisions. I never fall in love with a stock. If it is a loser, I let it go. I do not over-hold any stock just waiting (hoping) for it to get back to even.
20. If I cannot find good investment opportunities, I am never afraid to have some of my ''stock money'' in cash. I do not feel the need to be ''fully invested'' at all times.
How did you do? The maximum score is 100. If your score is high, congratulations! You are following a sound approach to investment success.
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