Manage Your Life

Sunday, November 29, 2009

Tips for Investing from Hedo Red

Never buy and hold.  Not stocks, not real estate and especially not your wife or husband.  All things can lose value and you can't take them with you when you move on from earth.  Buy things that are unpopular and out of fashion. Never buy a hot tip from your stockbroker or James Kramer. Use the dart throw technique.  Tack the quotes from the Wall Street Journal, stick them on your dart board and throw your dart three times. Take those three names, make sure their earnings have increased for ten straight quarters, they have a lot of cash and low debt and they are not run by an Obama czar and are not in the green zone.  Buy something dirty, trashy and ugly like a scrap iron company. They will benefit from the green idiots anyway.  Stay away  from electric cars.  Where do you think electricity comes from anyway. A dirty coal plant or maybe a clean natural gas plant.  Hydroelectric and nuclear makes too much sense.  Don't go with smart.  Go with stupid.  Remember, it's the government throwing our money away.
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