By Malcolm Stacey | Monday 25 May 2020
Hello, Share Scudders. As the markets closed I take the liberty of reminding the non-subscribers on this legendary website that they’re missing a trick here. With most of us expecting a share surge once the crisis is in full retreat, there’ll be much share choosing going on. But we won’t take full advantage if we pick some wrong uns. I often pull out of shares because Uncle Tom or other keener analysts than I spot some horrible red flags which cannot be seen at first blush.
For the cost of a half-pint of beer per week, you can see most of the major minefields that threaten armchair investors like us. Let me give you an example.
You invest a grand, say, in a company which tells you its set fair and likely to fly. The board is misleading everyone and a main aim of the company is to pay its founders huge salaries at the shareholders’ expense. If you’re supporting this website, you will probably soon find out what’s what. Then you can avoid the company or if you’ve already taken the plunge, exit without too much damage.
You might even be able to short the suspect company. Because eventually the perpetrators will be found out.
By reading gems on shareprophets.com on shares to avoid, the ones you do choose should boost your portfolio value. Please bear in mind that it's not the winners that make the most difference in this game. It’s the money-sapping losers.
Not that you won't find many well-researched tips to buy on this site. (I’ve had a couple of multi-baggers recently) And if I or a fellow writer fails to spot red flags (which can be well hidden) it’s highly likely that Tom or some other sceptical shareprophets contributor will soon point it out.
Oh, and don’t forget there’ll be bluebirds over the Punter’s Return one sunny day. God bless.
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