"...right approach for a smaller investor?" With your goals 50% in one year, your strategy maybe is not the same as the typical good smaller investor. Looking at commodity-base or insurance like Buffett, I have trouble seeing that work out. Or anything actually. They're there, I just don't know where.
There are Chinese fintec stocks selling at very low multiples of earnings and cash, but they're microcaps and Chinese. I've had LX for example since 2018 at a loss with small buys in '21 and this year. All in red. Who knows if or when or how this stock might do better in 2024? Could pop up 50% in 2024, as it has as it has in past, and you could catch that maybe and exit before it drops back again as it has.
finance.yahoo.com
Sean Collett mentioned coal, specifically ARLP. I don't want that - the mlp. And I guess you (being a non-USA citizen would pass on the it for tax reasons. Plus steady stock with 13% yield won't get you to your goal.
I have coal stocks. One, BTU, is in red. Stock is cheap and maybe could be a stock grower if it could keep up with other coal stocks that have had a good year. Activist investor Elliot has about a 10% position (??), but I read that he's been reducing it. BTU is a good possibility imo for a patient small investor with several positions looking to add something else. For a person with your goal for 2024, who but you can say? |
