In the rival magazine investors chronicle there is an article about buying shares in the top 10 worst US companies on the 1 Oct this year and then selling them next year on the same date. Then repeat the process for about 10 years with the equity from the previous sale.Apparently big profits to be made.
Anyone have any views on this before i stick a few quid into it????

Thanks
Easty

P.S Sorry for mentioning other magazine

I can see how it could work. I must admit some (not all) of my best buys have been high yielding badly performing shares.

The theory is that if you buy the worst performing of the DOW 30 you can't fail because:-

Even the smallest of these is bigger than most countries and so has huge resources and the senior management is desperate to hang on to their jobs so they will throw enormous amounts of other peoples money at the problem.

but 1 year seemed a long time to go. no one can know what will happen next second. I think it work, but a bit risky and need lots of fortune

Cool, thanks people.
By the way, new here, not been trading for a few years...ex wife didnt like it.
Looks like ive chosen a good time to start again, market is looking promising.
Ive been reading your messages, some extremely funny,most are very well reserched. I hope to be of some help to you also...need to get settled in first.
Regards
Easty

This is the "How to beat Wall St" plan isn't it? Motley Fool ran a "Beat the FTSE" portfolio on a mechanical basis like this - haven't looked for a couple of years, but it was having a mare then.

This is great in principle, until the 10 worst performing shares are MONI, BLM, etc - be lucky to see a tenth of you money back to invest the next year.

The logic, from what I remember was that these were such solid companies that they would recover / fix whatever had been wrong during the bad year. Hmm. Might work, or might fail disasterously. For example, I wouldn't be tempted by WorldCom or Enron!

Sounds good doesnt it I bought blm, moni, 2 years ago ( I know they will come back) I have long ago said goodby to that money and it wasnt in the hundreds either. so be afraid BE VERY AFRAID