With winter on our doorstep down south in Melbourne I will have plenty of time to spend indoors. Rather than watch the idiot box, I would rather use my time productively to find some stocks that perhaps I have never heard of before, but require some focus and attention.
The best way to do this is by running screens in Stockopedia to find a shortlist of companies that meet particular traits that I can investigate further. Unlike the Folios where its functionality is dependent on the stocks I identify and record, with the Screens tool the opportunities are presented to me irrespective of my biases or prior knowledge based on the criteria I select.
A screen is not the final step… it is the first.
First thing I just want to articulate is that I never run a Screen and buy a list of stocks blindly.
To use a Property analogy, I don’t buy houses ‘site unseen’. Rather I would prefer to have a list of properties presented to me and then I inspect and assess each on their merits.
The Screen Tool works in exactly the same way. You will have a list of potential assets presented to you in a matter of seconds, and you can then decide through a process of elimination which stock more closely aligns to your own personal investment objectives and tolerance to risk.
In this contribution I am going to discuss a few screens that I have built that identify certain styles of stocks. If they resonate with you, feel free to use them.
Best of the Growth Stocks.
This was a screen that a great mentor of mine, Simon Blair, developed. Simon taught me alot about making money - be it in his actions or his wonderful little quips.He was the living embodiment of making money in the market using your preferred way, provided you know what you are doing and can be disciplined about it.
He was a big fan of using screening tools to find opportunities. He would often say, “You only have to identify one stock that doubles and you have paid for your research service for life.” He was also a great leveler when the audience would ask him to break his focus by showing other features or investing concepts, his…
