I am wondering if anyone else uses this investing strategy.
Basically, I created a baseline of 40 stocks that I feel have good long term growth potential but are relatively medium risk. (i.e. they are not meme stocks, stocks that could easily go bankrupt in the coming years, etc.) The stocks are all over the place - many of them are Asian/European/South American ADR stocks. Some are US stocks. Some are telecoms/food/semiconductors/etc. About 70% of them pay dividends.
Then I bought one share of each of the 40 stocks to basically put them in my brokerage account portfolio.
Now, every two weeks when I get paid, 10% of my pay is direct deposited into my brokerage. I then look at ALL of my 40 stocks and see which are the top ones that day that are trading at 3 to 5 (or even 10) year LOWS. I then dump 100% of the money into the top 3 stocks trading at their lowest that day.
In other words, every two weeks, I only buy shares of the stocks trading at their multi year lows. I basically think of this as going to the store and only buying stuff on sale.
So far, this has worked out well for me. Just wondering if anyone else does anything like this?
Submitted December 20, 2020 at 06:40PM by FunctionVoidSmall https://ift.tt/2LVvzg8
