Providing a sure fire way to make money in the stock market often isn’t enough to convince people to spend their hard-earned cash. Sure, I might say my system works, but how do you know I know anything about the stock market?  That’s a great question.

It’s also the reason I decided to blog some stock tips so you have a sampling of my ideas. I want you to get a taste of success in the market.

Of course, I won’t give you the entire system in the blog, but I will make sure you have a few useful ideas to help you make the profit everyone wants. If you use just one of these ideas, you’ll find that it increases your profits significantly.

The first is the best and primary tip. It’s also a great tip for living. Think for yourself. This doesn’t mean that you don’t take advice from others or listen to other people’s opinions about a stock or the stock’s potential movement. It means that you don’t follow advice blindly.

No matter how famous the stock predictor is or how correct he’s been in the past. Think before you act. Just like bad hair days, bad stock picking days occur also. General advice is one thing. These are tips on what to look for in a stock, ways to manage your portfolio and when to run like the wind away from a stock.

Specific advice, such as buy GE, needs further investigation before you invest your money into that stock.

Evaluate the person giving the advice and the audience receiving it. Was it broadcast on television, in a magazine or newspaper or did old Uncle Ed tell you over Thanksgiving Dinner?

Print publications can’t do up to the minute recommendations, it simply takes too long to get the article published. If the tip is on television, half a million or more people just received the same tip so your chances of getting in on the ground floor diminish.

Old Uncle Ed may know something about GE or stocks. In actuality, if he does, he may be a better source than some of the experts are.  Investigate the potential of his recommendation but don’t jump in because he said you should.  Think for yourself.

Also the more you know, the more you succeed. The more you succeed, the better I look. (Please stay tuned for more stock trading tips!) -Tim B. Miller

Knowing What You’re Buying  – Stock Tip 2

Stock tips come and go but solid techniques to purchase stocks are here to stay. While some of the stock tips might sound basic, that doesn’t make them any less important. Stock tip number two involves knowing what you’re buying.

If you want to pick a winner in the stock market, know something about the company and the products. Knowing about the company is easy, you simply look up the fundamentals. However, the fundamentals don’t give you the entire picture.

I started out interested in a few gaming stocks. I visited their casinos and the difference in the two companies helped me make my selection. Th first stock recommended was a part of a conglomerate of casinos but their premier casino was relatively new. It was located in a town near Las

Vegas. All the magazines hyped it and the company as definite winners. The other casino was off the strip and one in a family of casinos. The next trip to Vegas, I stopped at both the new one and its sister properties. I also made a stop at the all the casinos in the other family of casinos. The difference was like night and day. Customer service, the rewards program and the overall appearance of the smaller less hyped casino group was impressive.

Because of its location, the newer casino should have catered to locals like the other casino group I investigated. It didn’t. In fact, it didn’t cater to tourists either. It offered no special incentive to play and no customer service. The cleaning staff failed at their duties. In fact, for a new casino, it actually looked run down.

Needless to say, I bought the less touted stock that didn’t include the new casino. It tripled in value within a year. What happened to the other casino stock? Well, had I listened to the experts, I would have lost most of my money. The stock spiraled down as the company floundered with this new albatross around its neck.

This way of making a final decision isn’t new. One of the most successful specialty fund managers uses it before he invests. It is certainly away to narrow the field of selections. Use this tip to help improve your profits. I want you to get a taste of success in the market. Remember the more you know, the more you succeed. The more you succeed, the better I look.

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