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My name is James Hartje, President & Founder of Stocks on Wall Street, an investment advisory company providing readers across the globe investment advice, stock picks, and market updates across our various online publications. Our main website is www.StocksonWallStreet.com You can follow... More
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  • Why Every Successful Investor Needs a Game Plan? 0 comments
    Nov 10, 2011 6:40 AM | about stocks: SLB, HAL, PBR, CVX, PBR.A, XOM, APA, GOOG, AAPL, BIDU, IBM, HPQ, WMT, AMZN, CMG, PFE

    Every successful investor needs a game plan...

    Every successful sports team, every successful investor needs a game plan.

    This includes your big picture view of how the markets will develop.  It involves identifying winning trends, picking the right asset classes, sectors and geographical regions that will outperform.  Not having a good game plan is a classic rookie investor error.  Without a good plan, you have no framework in which to make investing decisions.

    Following a good game plan lets you focus on specific areas of the market and identify good trades and investments when they pop up.

    Think of it as the difference between strategy and tactics. Your game plan is your strategic planning – your broad overview of what’s going on in the world.  Your trading and investing decisions are your tactics – the execution of your strategy.

    No plan will ever be 100% accurate and you’ll need to change as events unfold. But if you take the time to think how the investment environment is changing and how those changes will affect your portfolio, you’ll be much better prepared as an investor.

    Over the next few days, I’ll lay out some of the aspects of my own game plan for 2011 – where I see the most opportunity over the next 12 months.

    Now that you have the gameplan the next step is to find the investments your going to end up putting your money in. 

    We believe the energy sector will benefit greatly, Haliburton (HAL), Schlumberger (SLB), Petrobras,(PBR), Chevron (CVX) and Exxon Mobil (XOM). Large-cap tech stocks are another strong bet: Apple (AAPL), Google (GOOG), Baidu (BIDU) Hewlett-Packard (HPQ), IBM (IBM) and Amazon (AMZN). Other long-term bets would be Chipotle (CMG), Pfizer
 (PFE), and Wal-Mart (WMT).



    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Stocks: SLB, HAL, PBR, CVX, PBR.A, XOM, APA, GOOG, AAPL, BIDU, IBM, HPQ, WMT, AMZN, CMG, PFE
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