The Investor Diary Entry #16: February 22, 2023
In light of the current high market value in the US stock market where value stocks are scarce and buying opportunities are hard to find, I shifted my attention to researching industries that are still in their infancy stage.
Last year my attention was drawn to the drone manufacturing stocks, and now I want to start researching Hydrogen fuel cell companies stocks.
While starting this research, I also want to use the opportunity to increase my skills in studying industries as well as conduct a proper and thorough research of the companies that I find in my way.
My Current Methodology
My current methodology is not to my liking. I am researching a company as if time is running out on me, and I am only looking at financial statements and conducting estimations to analyze a stock and the price that I am willing to pay for it.
In my current methodology I also check some recent news about the company in question, and look at what analysts are projecting for the coming few years for the company.
In my opinion this methodology is hasty. I want to research a company as if I am becoming a major partner of.
My Desired Methodology
My desired methodology lacks one major thing. It lacks looking into the yearly and quarterly reports of a company. Furthermore, since I am a very small investor, I also want to see what individual investors are saying about the company I am researching.
The last point is something that I used to do when I first started my investing journey, but I don’t know why I dropped it. I truly feel that I am now making quick decisions fearing that if I am not quick I will lose the opportunity.
Therefore, to be able to conduct my desired research methodology, I need to behave my mindset and relax it. I would need to ignore this FOMO syndrome, and play the game as if the company I am researching needs my investment and not the other way around.
Hydrogen Fuel Cell Companies Stocks
I have gathered a couple of articles that include hydrogen fuel cell companies which I am going to study one by one. Before I jump into the individual companies, I want to take my time this time to study the industry and see what the experts are saying about its future.
Once I do that, I will move into studying each company, and will follow the steps that I mentioned earlier. There is one more criteria that I am contemplating on adding to the hydrogen fuel companies stocks that I want to study.
In previous diary entries I talked about the price range of a stock that is more suitable for me. Therefore, I am thinking that I will give priority to hydrogen fuel companies stock price that fall within the stock price range of my preference.
While writing the previous paragraph, it made a lot of sense to me; therefore, this is what I will do; give priority to the stock price range of my preference.
The Plan
I am going to set aside the articles that I dug about individual companies in the Hydrogen Fuel Cell Industry, and start reading and researching the expected future of the industry.
I will do this starting today and give myself a deadline to this phase by the end of next week ending 3rd of March 2023.
Giving myself and end date is important so that I do not over do it.
Conclusion
Writing this diary entry was very beneficial for me. I am glad that I decided to write this entry before digging into the new industry which was my original plan.
Many things were happening during the past 10 days on the social and work fronts, that delayed my plan to research the Hydrogen fuel industry which made me a little agitated.
All what I was capable of doing is dig up information about what companies are working in the field and are public companies.
On daily basis I would try to start at least with researching one of those companies, but things happen that would take me away from it.
Today I had the time, but I was a little overwhelmed with thoughts on where to begin with each company, especially that I really wanted to take my time into this research as I mentioned in my desired methodology.
After writing this diary entry, my plan is clear, and the steps that I am going to take are drawn and they are as follows:
- Research the Industry
- Read industry news on daily basis as I added the keywords on my google alerts.
- Choose the first article that has 10 companies included in them.
- Pick the first company that suits my price range.
- Dig up the 10k for the company
- Read the latest 4K
- Study the financial statements
- Read the latest news about the company
- Check the Analysts projections
- Conduct my Stock Analysis
- Decide on whether I want in or not, and at what price.
- Buy or put a price alert.
- Move to the next company.
I love this..
The Investor
Wednesday 22 February 2023
About The Author
I started to look into individual stocks in January 2022. I created this diary initially for myself to track my investing progress, and second as a place that I can share my ideas publicly hoping that others will share their ideas and learn from each other, and lastly as an online business where some links that I share are affiliate links, and if anybody bought anything by clicking those links I will get a commission based on that successful sale, which of course will not affect the price that you are buying the product or service at.
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