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From blind dating to finding your match: How to decide on the stock for me?
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As the saying goes, if there are no rules, it's not a square circle. The same should be true of stock trading. Everything is set in advance, and a detailed trading plan allows us to detect and avoid some potential risks and maximize profits as much as possible. If you don't have a trading plan, people like me who tend to get excited can easily be controlled by emotions, buy or sell stocks, and then regret it.
As for how to make a trading plan and always find your favorite stocks, you can refer to some questions you will be interested in:
1. What are my trading goals. This is very important. My goal is a long-term meal ticket so that I can receive a monthly income of 2,000 US dollars before I reach old age. This determines my trading direction. Most of my time and capital should be placed in dividend stocks and stable stocks.
2. What is my target industry. If I want to achieve my ultimate goal of long-term meal tickets, choosing a stable industry is inevitable. Stocks that can achieve stable dividends and have stable development are basically definitely REITs and ETFs with good dividends. REITs in Singapore are quite an insured type of investment, and the dividends are also good.
I also bought some US stocks with good dividends. For example, I have 150 shares $Guggenheim Strategic Opportunity (GOF) $ and 100 shares $Ellington Mortgage REIT (EARN) $ You can receive dividends from them every month. Currently, GOF is almost 15 yuan per share, with a monthly dividend of 0.18 per share. After tax deductions, the dividend rate is almost 9%, which is great.
I'm so interested
. Currently, EARN's stock is 6.4 per share, with a monthly dividend of 0.08 per share. After tax, the dividend rate is almost 11%, which is very good.
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