Sunday, May 17, 2020

Business plan: stock research and how to make it better

May 17, 2020

Introduction


I like to make a plan to work on stock research related to Canada oil industry, so that I can invest $20,000 to $30,000 dollars on Canada oil stocks, and plan to get 10% return in less than 3 to 6 months.

Business plan


First of all, I have to understand how Canada oil business works. What is situation for those big ones? Layoff, economy, house issues, and whole industry over all related to coronavirus.

I also like to review what I did in April 2020. How come I could not find the urgent to investment more money after $2000 Canada dollars purchase of Canadian stock on March 27, 2020.

Also, why waiting is not so good? I should take some risk, and then what is reason to invest after 90% loss of OVV.TO when SPX was around 2200.

I need to learn how to be a good research. Stock investment is to play real money. April 2020 my $2000 portfolio has over 60% return, I should invest more when return is over 10%. I should expect trend.

I need to spot the opportunity, make $24,000 dollars in one month.

Actionable Items


I should watch 10 - 20 videos about Canada oil industries. I should have more knowledge about oil business.


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