Kudos to The Kirk Report’s Charles Kirk, whose blog is the top story on MSN Money, after bring featured in Barron’s magazine recently. The MSN article focuses on Charles’ strategy for beating the S&P 500.
Kirk relies mostly on screens to find his stock candidates. One of his favorites, according to Barron’s, is a screen that looks for “poor performing shares with good fundamentals, strong earnings and improving relative price performance,â€Â? among other factors.
Stock pickers can get it right. With computer programs that automatically present stocks that match certain criteria, stock picking should be getting easier. I have yet to invest directly in stocks, but later this year I will begin on a small scale.
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Stock picking is possible, but the more people who use any given method, the less useful it becomes. The demand for the stocks that match the screen drives the price up, so unless you are one of the lucky few who find a particular first, you don’t get nearly the return you “should.”
Unfortunately, as more people find out about his blog, I notice the less he focuses on trading and giving tips on trading and more as a newsletter writer.
Everything is possible, but the percentage of people who will accurately pick stocks that beat the market indices is quite small.
newsletter style or not, i have really enjoyed this pfblog. one of my faves so i visit regularly.