How to pick the undervalued/high potential stock to buy ?
I know this is like a million $ question.
I noticed Tesla has gone up almost 4 folds since last May. Missed the golden opportunity......... I wonder what should I look at if I am searching for the next undervalued/high potential stock ?
Or if I don't know much and lack of stock investing experience, I should just stick with the couch potato approach and buy index funds only ? I have extra savings now which have been sitting in the cash account as I am worried that I put it into the wrong bucket again. I am kind of scared because of some bad experience, e.g. bought some Canada Goose stock at $72 as analyst said it will go over $100 in no time and it went as expected in the beginning but it is now $42 !!! And I don't know if I should sell it now or keep holding & waiting (Actually same question for other stocks that in a loss position e.g. Roots (so regretted to buy it at time when I bought Canada Goose, as it has been going down ever since I bought it) , Other than Index Fund, the only stock I found it has been having promising return is Enbridge. I wonder if I should buy more of it and make it as DRIP since it is pretty decent dividends.
My immediate question now if and when I should sell those bad stocks that have been in loss position for over a year.
Thanks for any advice, and sorry for any dumb questions.
I noticed Tesla has gone up almost 4 folds since last May. Missed the golden opportunity......... I wonder what should I look at if I am searching for the next undervalued/high potential stock ?
Or if I don't know much and lack of stock investing experience, I should just stick with the couch potato approach and buy index funds only ? I have extra savings now which have been sitting in the cash account as I am worried that I put it into the wrong bucket again. I am kind of scared because of some bad experience, e.g. bought some Canada Goose stock at $72 as analyst said it will go over $100 in no time and it went as expected in the beginning but it is now $42 !!! And I don't know if I should sell it now or keep holding & waiting (Actually same question for other stocks that in a loss position e.g. Roots (so regretted to buy it at time when I bought Canada Goose, as it has been going down ever since I bought it) , Other than Index Fund, the only stock I found it has been having promising return is Enbridge. I wonder if I should buy more of it and make it as DRIP since it is pretty decent dividends.
My immediate question now if and when I should sell those bad stocks that have been in loss position for over a year.
Thanks for any advice, and sorry for any dumb questions.