Forget Trump and Kamala - The Only Thing That Matters This November

Sell Or Hold? Here's My Advice For Booking Profits... [StreetAuthority]    From Our Partners  [Forget Trump and Kamala - The Only Thing That Matters This November]( Trump this, Kamala that - it's all crap peddled by the mainstream media to pin Americans against one another. I'll be collecting 20 income payouts from now until Election day no matter who wins. [If you'd like to join me, click here for my simple Election Income plan.](   Sell Or Hold? Here's My Advice For Booking Profits... By Nathan Slaughter  One of my favorite movies is the classic ’80s film Trading Places. Starring Dan Aykroyd and Eddie Murphy, it tells the story of a young commodities trader (Aykroyd) who is unknowingly subjected to a bet where he must trade places with a streetwise hustler (Murphy) in a cruel social experiment. If you haven’t seen it, I highly recommend it. One line sticks out to me from the film, in which Aykroyd’s character laments how rapidly fortunes can turn. “You make no friends in the pits and you take no prisoners. One minute you’re up half a million in soybeans, and the next, boom, your kids don’t go to college and they’ve repossessed your Bentley.” This sentiment may be true when you’re dealing with derivatives contracts on commodities. But it also hits home for those of us who are focused on stocks too. In this market, it only takes a few bad days to unravel a winning trade and turn a potential big gainer into a painful loss. But selling too early can also be frustrating if the stock (or options trade) continues to climb. And if that weren’t enough, there are the times when you like a stock but don’t pull the trigger – only to watch it skyrocket. All you’re left with is woulda-coulda-shoulda. A Classic Example Case in point: One of the earliest candidates I scouted for Takeover Trader when we launched the service back in March 2020 was Shopify (NYSE: SHOP). As you may know, SHOP is a top provider of e-commerce software. It was your classic case of a “hot stock.” At the time, the stock was trading in the mid-$40s. Less than three months later, it doubled and would go on to double again, peaking at around $170. SHOP was trading at roughly 1,500 times its projected annual earnings of $0.50 per share at that price. The price tags on some teleconferencing and cloud computing stocks were equally steep. As a value investor at heart, it’s not easy for me to pull the trigger on stocks trading at such nosebleed valuations. But it’s important to remember that growth is a component of value. After all, the intrinsic value of any business is a function of its future cash flows discounted back into today’s dollars. All things equal, a company growing the bottom line at 30% to 40% annually should rightfully command a richer multiple than slower-moving rivals. As Warren Buffet says, growth and value are joined at the hip. But as we entered a bear market last year, formerly high-flying tech stocks like SHOP got hit hard. Now, the stock has more or less made a round trip and is close to where it began before the pandemic. Woulda-Coulda-Shoulda… I wish I would’ve taken the plunge with SHOP back then. And I’d love to tell you that I would have had the foresight to get out at the very top. But of course, hindsight is 20/20. Ultimately, you can’t dwell on it. You have to move on, because the market will offer plenty more opportunities at some point. [Read More...](   [friday]( [Are You Free Friday?]( If you're like most people, on Friday you'll probably Wake up... eat breakfast... go to work... as you do every other day of the week. But if you [say these two sentences to your broker...]( you could collect as much as $1,250 on Friday... no matter where you live, whether you're working or already retired. This may be the most powerful phrase you ever say to your broker… [To see what those two sentences are, simply click here.]( You are receiving this email at {EMAIL}as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms](   [Privacy](   [Unsubscribe]( ©2024 [[ StreetAuthority ]] [[ 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 ]] All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.