Does anyone use the CAN SLIM method?

What is it?

Investors Business Daily is a newspaper that has a lot of information on this investing method. I’ve looked it over and it seems reasonable to me, but I’m more attuned to value than growth, so I have not used it. It’s basically a way to invest in growth companies with momentum.

It will probably take you from a few weeks to months depending on how often you trade.

I’m about to start trying it. It will be the first time I ever invest in stocks. I’m still learning it, but it doesn’t seem too complicated.
My dad works for IBD.

Personally I would never use a “Get Rich by Buying My Book about the Stock Market” book as an investment guide. The one person guaranteed to make money is the author.

I have the “gailcalled” method which has been very successful over the past 20 years.

#1 Buy large, financially conservative American companies with a dividend and a repository of cash, hold for a long time (and reinvest the dividends if possible).

#2 Put enough money into a money market fund (like Vanguard, which has a very low fee) to pay large yearly expenses…taxes, real estate taxes, mortgage, car loan, a surprise medical issue, etc.

#3: Use a Vanguard muni-bond fund for the long haul. Reinvest the dividends if possible. I use the Vanguard Triple Tax Free NYS bond fund. (Neither I nor any of my family or friends work for Vanguard.)

Why isn’t everyone rich? Does that tell you something about the complexities of playing the market? If you can generate a 4% yield after taxes these days, consider yourself lucky.

@Whitsoxdude: …it doesn’t seem too complicated. That is naive and povery-inducing. Be careful, please.

@gailcalled I don’t think it is a book…the CAN SLIM thing I mean.

Wasn’t it necessary to send money to someone in order to get the instructions? And I seem to recall a promise of 12% -14% return. That sounds hokey to me, but I have lost your link.

@gailcalled I’m not saying don’t learn it lol. I meant it doesn’t seem that hard to learn. I don’t understand how that could possibly lead to people losing money. Unless they think I’m saying it’s so simple you shouldn’t learn it.
It’s not a book anyway, rofl.