InvestingDaily.com

Account Information

  • My Account

    Manage all your subscriptions, update your address, email preferences and change your password.

  • Help Center

    Get answers to common service questions, ask the analyst or contact our customer service department.

  • My Stock Talk Profile

    Update your stock talk name and/or picture.



Close
FEATURED STRATEGY

This Two-Minute Market Move Could Make You Rich

This Two-Minute Market Move Could Make You Rich[Revealed] How to generate instant income from the stock market. Over and over again. At will. This technique is so powerful – and safe – we’re guaranteeing you can use it to generate $1 million (or more) in retirement cash. And we’ll even send you a $1,000 check to kickstart your journey. Go here for details.

 

Bitcoin for Chickens – Part 1

By Jim Pearce on January 11, 2018

A co-worker popped his head into my office the other day. Since he is one of our I.T. guys, about the only time we talk is when my computer is on the fritz. So, I figured something was up when he dropped in unannounced.

“One of my friends has made a ton of money off of bitcoin” he confided to me, “and told me I should buy it, too. What do you think?”

What do I think?

I think anything that has appreciated 1,500% (or whatever the number happens to be today) in less than a year may not have much upside potential left in it. I am also innately suspicious of anything that can move so far in such a short period of time.

One problem with Bitcoin (among many) is that it is impossible to determine a fair value for it. If you don’t have a way of accurately measuring the value of something, how can you figure out if it is worth buying at today’s price?

More importantly, if what you are looking for is a fast way to make triple-digit returns then I believe there are less risky ways to do that.

For example, in November I closed out two positions in my Systematic Wealth trading service for annualized gains of 273% and 359%.

[I prefer using annualized returns since I don’t stay in some of these positions very long. If I can make 10% in one month in one stock and then do it again in another stock the next month, that’s fine with me!]

I didn’t do it by trading cryptocurrencies or penny stocks. In fact, the two companies involved in those trades were Target Corp. (NYSE: TGT) and Dick’s Sporting Goods (NYSE: DKS).

That’s right; two “boring” retailers that were supposed to be driven out of business by Amazon delivered the type of huge gains you would expect from a hot tech stock.

I know what you’re thinking. I must have used options or some other leveraged approach to generate returns like that.

Nope, those gains were earned by owning the stock outright without using margin or options.

Now, some of my readers do use options, and they reported earning quadruple-digit returns on those same trades.

To my way of thinking, that is much safer way to build wealth than speculating on cryptocurrencies like Bitcoin. I like to think of it as “Bitcoin for chickens.”

I don’t mean that as an insult. In fact, I consider myself to be a bit of a chicken since I’ve never been comfortable taking big risks. I avoided dot.com stocks in the late 90s, and do not own any of the faddish “FANG” stocks in any of my portfolios now.

I just don’t see the point in buying stocks (or cryptocurrencies) that have no basis in reality. If I can earn the same returns owning things that can be accurately measured, then I’m not going to mess around with other things that have no clear value.

That’s why I use my IDEAL Stock Rating System to evaluate every single stock in the S&P 500 Index. Once I know what a company should be worth, I can figure out how much profit opportunity there is in owning it.

You can do the same.

During the past year, the analysts at Investing Daily have recommended dozens of trades that delivered triple-digit annualized gains.

Tomorrow, I am going to show you three specific examples of triple-digit winners that we gave you for FREE in 2017, and one that could do the same for you this year.

Editor’s Note: If you don’t feel like waiting around until tomorrow to find out how you can make triple-digit annualized returns this year (even if the stock market goes in the tank), feel free to take a “sneak peek” at exactly how it can be done by clicking HERE.


You might also enjoy…

 

12 Stocks Virtually Guaranteed to Go Up in 2018

You may not believe it, but I have a calendar in my hands right now that tells me the exact date and time when a few stock are practically guaranteed to go up. 

Twelve of them, in fact.

And if you were to invest in them following the simple buy and sell instructions found in this calendar…

You could be making $1,181… $11,814…. and as much as $190,916 more than by using a “buy-and-hold” strategy.

And here’s the best part…

I’m giving away a few copies of this calendar to interested investors (First come, first served).

With this calendar, you could get higher profits with less risk.

Click here to get the full story, and to claim your copy.

Stock Talk — Post a comment Comment Guidelines

Our Stock Talk section is reserved for productive dialogue pertaining to the content and portfolio recommendations of this service. We reserve the right to remove any comments we feel do not benefit other readers. If you have a general investment comment not related to this article, please post to our Stock Talk page. If you have a personal question about your subscription or need technical help, please contact our customer service team. And if you have any success stories to share with our analysts, they’re always happy to hear them. Note that we may use your kind words in our promotional materials. Thank you.

You must be logged in to post to Stock Talk OR create an account.

Create a new Investing Daily account

  • - OR -

* Investing Daily will use any information you provide in a manner consistent with our Privacy Policy. Your email address is used for account verification and will remain private.