But my spreadsheets contain those companies that I'm already familiar with. They’re the companies I’m already interested in and the ones I already know about. There’s very little discovery in those spreadsheets but that’s not what I use the spreadsheets for. Their purpose is simply to update me with the most recent information available for making decisions.
For new Ideas, I use screeners. Screeners allow for investors to drill down through layers and layers of information to get at exactly the information they want in a very convenient manner. They allow for instantaneous changes in sorting parameters and allow the investor to sort through literally thousands of companies over and over and over again. Quickly. It’s from these screens that I find those companies that will ultimately interest me enough to add them to my spreadsheets. And it’s those companies that I'm able to then zero in on in further detail.
For new Ideas, I use screeners. Screeners allow for investors to drill down through layers and layers of information to get at exactly the information they want in a very convenient manner. They allow for instantaneous changes in sorting parameters and allow the investor to sort through literally thousands of companies over and over and over again. Quickly. It’s from these screens that I find those companies that will ultimately interest me enough to add them to my spreadsheets. And it’s those companies that I'm able to then zero in on in further detail.
Like most Quantitative Analysts, or “Quants”, I have spreadsheets full of information about companies that can, and are, updated and filtered on a daily basis. My purpose is to track those items that interest me the most. This includes daily stock prices, dividend updates, various analysts predictions, and payout ratios, among many other fundamental aspects of companies. My spreadsheets also include links to price charts that include momentum indicators because I believe that at times, timing can often be even more important than picking the perfect stock. Timing in the stock market, like life itself, is often the difference between success and regret.
My spreadsheets tell me which companies are the best to invest in on a daily and weekly basis. They tell me the best place to invest my funds based upon the current fundamental and technical aspects of the companies that I follow. This method has kept me out of a lot of stocks that are fundamentally great companies to own but are not worth owning at current prices. It also tells me when to stop adding more shares of a particular company and to start adding shares of another company. It’s all about not only buying the right company, but buying the right company at the right time.
Years of investing has taught me that preservation of capital and not making mistakes will take and investor a long way down that road to financial freedom a whole lot quicker. I’ve always said it’s easy to make money in the market and easy to lose money in the market. The hard part is holding on to it.
Years of investing has taught me that preservation of capital and not making mistakes will take and investor a long way down that road to financial freedom a whole lot quicker. I’ve always said it’s easy to make money in the market and easy to lose money in the market. The hard part is holding on to it.
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