Stock market investors, like me, are always seeking out new companies to invest in. Just to clarify, stock represents a company and a company represents a stock. With that said, the two terms can be used interchangeably. Moving on, investors do not simply find companies by looking in the Wall Street Journal, watching Jim Kramer, or financial television shows. While stock market investors definitely employ these methods, for the most part they observe their surroundings.
Let me explain how investors observe their surroundings. Let say for example I am dining at a restaurant and the waiter serves me some wine that I absolutely love. As an investor I will find out what company makes or distributes this brand of wine. I will simply find this out by checking out the packaging on the bottle. While dining at a restaurant I have found one company that I can potentially invest in. As an investor I always have my eyes open for companies that I can invest in.
And finally:
5 Simple Places To Find Companies To Invest In
1. Your Kitchen
Look in your fridge. Do you see all the food and beverage products that you eat or drink all the time? Check out your cupboard. Have chicken noodle soup? Chances are it’s made by this company called “Campbells”(hint). Do you have a bag of chips? I willing to bet even money that those chips are made by a company called Lays, who, by the way, is a subsidiary of PepsiCola (hint).
2. Your Bathroom
I think you would agree that toilet paper is probably one of most used products on the planet. What company makes your toilet paper? Second to toilet paper, as one the most used products, would have to be bath soap. Who manufactures and distributes your soap? Lets not forget about your toothpaste, dental floss, toothbrush, hair care products, shaving creams, and shavers. Lets just agree that you have a lot of investment options in your bathroom.
3. Your Purse (Specifically for women)
This one is specific for the ladies. Guys I do not think that the ladies want you going inside their purses. Besides having money inside their purse, ladies will have lipstick, concealer, blush, peppermints, gum, credit cards, and lets not forget about sanitary products. Who makes these products? With regard to the credit cards, who is your credit card provider? Credit card companies are huge and they make money on the front end and the back end. They charge companies fees to accept their cards and they charge the people who use the cards interest fees.
4. Your Job
Chances are you work for a corporation. Have you invested in the company that you work for? A lot of companies give their employees incentives to invest in their stock. I worked for a company that gave me a 15% discount off of each share I bought. That is a built in 15% return on my investment. I would advise you to find out what kind of incentives your company has for investing in their stock. Also keep an eye on the suppliers that your company uses. Who supplies the computers, software, delivery services, wholesale products, leases the building your company is in?
5. Medicine Cabinet
We all get sick every now and then. Usually we have a stock pile medicines in our medicine cabinet that we use to get us back to 100%. What medicines do you use time and time again when you get sick? I would bet that up to 75% of every household the USA, if not the world, has Tylenol in their medicine cabinet. How about Pepto Bismol, Advil, Prilosec, Allegra, or Claritin? Do you know who makes these products?
This should help you get started with finding companies to invest in. If you have any questions feel free to contact me at omarbest@howtobeastockmarketplayer.com. Also if you have not received the Preview Version of How To Be A Stock Market Player enter your email address in the address bar below.