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Hello Crazy Gang,
My three children are revising for their exams at the moment - the mock GCSE's being the most worrying all round. I'm helping with this awful chore - and it's humbling to realise how much more your kids know than yourself.
My tribe are also better share pickers than I am. For example, they picked out the Game Group (GMG), as they know a lot about computer games and rightly surmised that, as there is so much competition out there to develop and flog new games, then it would be wiser to invest in a shop which sells them all.
They've already grown the investment by 50%. Of course, I hold the shares and not they - so I am quids in. (Though perhaps the success story has run out by now).
Of course, they do not spend all day studying the runes, like moi. Instead, they rely on common sense. They've seen all the folk at the cash tills, all willing to hand over £40-£50 a time for a computer game.
So they think the shares are a good bet. They may be wrong. Maybe their local Game shop is the only one in the collection of stores making a load of money. But it's not likely, is it?
Of course, studying the balance sheet and other heavy form is a good way of picking out shares. But don't forget the easy ways of seeing if a firm is doing well. Do your friends all have what the company sells? Do you want the goods yourself? Is the shop full or empty. More importantly are the cash tills ringing.
Look for the obvious signs. They are all around you. A company, for example, with a run-down, elderly fleet of delivery vans may not be doing so well. That's just one example. Try and find a few of your own. Then the rewards might be bigger. Rocking on!
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
For more information about UKSA CLICK HERE
