Deciding What Companies To Invest In: First Glance

Here's some insight into how you can find great companies to invest in, your guide so you can start thinking like an investor.
June 3, 2021
Unlock Free Stock Insights + 50% Off Discount Code!
Join thousands of savvy investors and get:
  • Weekly Stock Picks: Handpicked from 60,000 global options.
  • Ten Must-Have Stocks: Essential picks to hold until 2034.
  • Exclusive Stock Library: In-depth analysis of 60 top stocks.
  • Proven Success: 10-year track record of outperforming the market.
Sign up to our mailing list now and enjoy a 50% discount on premium services!
By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy and Terms of Use.

Before you actually buy shares, you'll need to do a little more research to ensure they are well run businesses.

Peter Lynch is widely regarded as one of the best investors of all time. He coined the idea of investing in what you know.

This mantra is central to the MyWallSt investing philosophy, but we take it one step further and say: "Buy what you believe in."

As a consumer, you've spent your whole life interacting with businesses, whether it be large multinationals like Coca-Cola or your local grocery store.

Your first step in finding great companies is to start looking at the companies that you, as a consumer, like.

What brand of sporting wear do you buy?

What food do you always have in your fridge?

What websites do you visit most frequently?

Chances are a good deal of these are publicly listed companies that you can buy shares in.

Use the knowledge from your own job. If you work in healthcare, you likely have industry knowledge that the rest of us don't. If you work in IT, you probably know the best companies for network solutions, or cybersecurity, or e-commerce software.

But don't stop there. Find out what companies your family and friends like.

If you have a friend who works in retail, ask what items are selling best.

Check out the lines outside the restaurants in your area.

Take all this knowledge that is around you and come up with a list of companies that you're interested in.

Remember, just because you like a company doesn't mean it's a good investment. To discover that, we'll need to look a bit more closely.

Remember when investing in companies:


  • Invest in companies that you understand and believe in.
  • Use your own knowledge and that of your friends and family to discover great investing opportunities
  • Once you have a few companies in mind, you have to dig deeper to ensure they are well run businesses before investing.




MyWallSt operates a full disclosure policy. MyWallSt staff currently holds long positions in companies mentioned above. Read our full disclosure policy here.


Unlock Free Stock Insights +50% Off Discount Code!
Join thousands of savvy investors and get:
  • Weekly Stock Picks: Handpicked from 60,000 global options.
  • Ten Must-Have Stocks: Essential picks to hold until 2034.
  • Exclusive Stock Library: In-depth analysis of 60 top stocks.
  • Proven Success: 10-year track record of outperforming the market.
Sign up to our mailing list now and enjoy a 50% discount on premium services!
By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy and Terms of Use.

The Home of Successful Investing.

© 2024 MyWallSt Ltd. All rights reserved.


Services

Content

Social

Company

Support

Resources


This website is operated by MyWallSt Ltd (“MyWallSt”). MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. You should always carry out your own independent verification of facts and data before making any investment decisions, as we cannot guarantee the accuracy or completeness of any information we publish and any opinions that we publish may be wrong and may change at any time without notice. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations. MyWallSt Limited is not regulated by the Central Bank of Ireland. MyWallSt Limited may provide hyperlinks to web sites operated by third parties. Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.