"Buying a stock without valuation analysis is not value investing."
Yes, although I'm not understanding your point. I do a value analysis on every stock I review. Something like CHD, DEO, others, I don't claim them to be value stocks. Because in my analysis I put them up against my value criteria of p/bk, p/e, roe, etc., and they don't fit. I believe I lead off posts on them with an "ot", and/or I try to say that I can't call them value stocks in the way I view value stocks and/or in the way I believe others here might describe a value stock.
So as to avoid the definitional/connotational aspects of the words "invest/investing", I'll just say you enter the stock market in the way you believe is best for you. And I enter the market in a way I believe is best for me. There's a category of stocks or a number of stocks that have performed well over the past 20-30-40 years. I know real "normal" workaday people who've made small fortunes buying such stocks and holding on to them for 20-30 or more years. To me they are successful in that they made good money and achieved financial independence in this way of being in the market. I want to join them and participate in that way of being in the market with some of my monies too. I believe I can find such categorical stocks as these people. I may not have the fortitude to hold on and I may pick the wrong stock or two, and at my age time is not my friend. I will continue to try though. I would find it foolish not to. |
