Buy What You Buy and What Others Buy

My favorite way to figure out some stocks to buy is to go to a mall and people watch. Watch what stores most people go into with nothing and walk out with a product.

Also, go to the stores that attract you. If they attract you, they should attract others. You can almost tell what stocks to buy just by doing those things. If people buy the product, odds are the stock is on its way up.

Another way to find good companies is to buy the stock of something that you buy a lot. Let's say you always buy a special type of clothing brand and you also see many others buying it or wearing that brand. Again, it's a good idea to buy what you see being bought.

What I like to do if I am interested in a stock is first to buy it. Then I buy an item from that brand and recommend it to my friends with the hope that the stock may get a small jump from me recommending it to my friends then my friends recommending it to their friends and on and on. It may sound like a strange strategy but I like using it and trying it out if I like the product.

My last idea is to check what products are soon to be released. If a company is planning on realeasing something and many consumers are talking about buying it, then you should take the opportunity to buy it. A good example would be Apple (APPL). Almost every time they come up with a new product the stock takes a small jump. The same happened with Sony (SNY) when the ps3 came out and with Microsoft (MSFT) when the Xbox 360 was released. So my three tips are:

1. Buy Stocks of the items you buy.
2. Spread the word about a Stock you bought that has a good product.
3. Buy Stocks whose companies are planning to release a big product.