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It is much better to pick stocks when you have some peace and quiet.Looking back at stocks I have bought over the last ten years and comparing the results, I would have to say that I have done much better making the decision on the weekend than I did during the trading day with too many distractions, news flashes, and my own rambunctiousness.
[From Websters - marked by uncontrollable exuberance: Unruly]
I have found various factors that make a difference in the long-term success of investments.
Adding WHEN to make the decision is not a factor I've encountered.
Simply put, if I was to create a value fund based on my other tested factors, I can now say with almost absolute certainty that adding the 'When factor' would improve its results.
So my short list of stock fund criteria includes the following:
Strong sustainable cash flow
Low Price-to-Book ratio
Low Price-to-Sales ratio
Return on Equity (ROE) higher than the P/E ratio (trailing)
Positive return on Invested Capital (ROIC)
AND NOW - do not make buy decisions when the market is open
I think it is always a good idea to make decision...
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