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Originally Posted by shermanator
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.
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Thanks for the info Shermanator, lots of good points in here. I've paid attention to P/E ratios, dividend yields and all of that. I think Financial review is the next step I'm going to have to take if I want to get more serious. Look for debt items, cash on hand etc. Just wanted to make I wasn't missing something. I've used Zacks to enter a stock symbol and seeing what it's rated there. Same with Youtubes, I'll take a look at the one you mentioned. I like the comment about subreddit and doing the opposite. I read stocktwits and you could probably do the same there, but the advice is all over the place and I'm sure not reliable. I'm holding mostly just boring individual stocks too right now, dividend ones that pay 5-7%.