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Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'
In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Lifestyle Communities (ASX:LIC). Even if the shares are fully valued today, most capitalists would recognize its profits as the demons...
>>> Read more: Here's Why I Think Lifestyle Communities (ASX:LIC) Is An Interesting Stock
In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Lifestyle Communities (ASX:LIC). Even if the shares are fully valued today, most capitalists would recognize its profits as the demons...
>>> Read more: Here's Why I Think Lifestyle Communities (ASX:LIC) Is An Interesting Stock
