I look at financials to review things like net income and cash flows YoY, EPS, P/E ratios, beta, dividend yields. Not going to pretend I am an expert in reading financials, but it's better than dart throwing or following the hype as I have done in the past. As an example, my decision to invest in TOU was driven by overall industry sentiment, low P/E, and the company announcing that they want to share much of future free cash flows with shareholders.
When I moved my RRSP from mutual funds to individual stocks I actually watched various Youtubers over a year to get an idea of some of the companies I might want to buy. Not the hyped stocks but the "boring" ones like FTS or JNJ or PG or ABBV. One channel I found that gave good advice was Brandon Beavis Investing. And then I added a few dartboard throws like GOOG, FB, TSLA were added for growth potential.
I also frequent the CanadianInvestor subreddit and try and do the opposite of what is said on there.
|