I've been refining my strategy for years. Ultimately, I feel that retail investors are at a severe disadvantage versus the professionals, unless they can devote a considerate amount of time to the job.
Or, unless they can commit to their investments for a considerable amount of time.
Ultimately, the longer term trends tend to pay the most, in my opinion. It's easier and in many regards, more rewarding to dig out and find the hidden details in a company's conference call or analyst meeting that sends the stock much higher.
Unlike the swing and day traders, being an investor requires a lot of patience, as waiting for stocks to fall into the 'buy zone' can take days, weeks and months.
I am and will continue to patiently wait for select stocks to drift into my 'buy zone' while the overall market bumps into record territory.
Some stocks I have my eye on include:
MasterCard MA equal to or below $80 (read here)
General Motors GM equal to or below $34-$35 (ish)
WhiteWave Foods WWAV equal to or below $36
Honeywell HON equal to or below $100
Blackstone BX equal to or below $34-35
Of these stocks, I'm already long BX, MA, GM, WWAV and HON and am looking to either increase the positions to full positions, or have taken profits on some of the position and am waiting for a decline to add the sold portion back.
For example, I bought WWAV in the low $30s as a partial position and wanted to wait for earnings to get a more clear picture on the company's future. Now that we got it and it was positive, I want to increase that position.
For Blackstone, I bought the stock on the Oct. pullback, around $28 and subsequently sold half of the position at $36.50 to lock in some of the gains.
So each stock has a slightly different narrative, but all the same story: We want to buy more for the long haul regardless of oil, Greece, Ukraine, currency volatility and anything else.
Disclosure: The author is long WWAV, MA, GM, BX, HON.