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Today's Zacks Challenge contestant interview is with Isaac Horstmeier, better known to Zacks Challenge contestants as TheUncle. Another man of far more action than words -- hey, he's trying to win a contest here -- he describes himself clearly as a growth investor. One quote he has bestowed on us in this interview is this: Consider selling a stock when theres a breakdown in the stocks long-term trend in its fundamentals.
Generally speaking, what type of a trader or investor would you consider yourself?
I consider myself to be a growth investor.
What specific factors persuade you to buy a stock?
I look for stocks with a high return on equity, consistent earnings growth and a low forward price-to-earnings ratio.
When do you know when its time to get out of a stock?
I would consider selling a stock when theres a breakdown in the stocks long-term trend in its fundamentals, or if the stock appears overvalued.
Over the past year or so, where would you say you made your best calls in the market?
I think my best call was in the gold industry. Earlier this year, the price of gold moved substantially higher, and lifted the gold mining stocks along with it.
What were some of the stocks you bought and did well with?
What would you say over the past year was the most surprising aspect of the market to you?
I think probably volatility. I mean, the stock market hit a new high, then it went down to 13,100, then it went back up and then it went back down again. So I think volatility was probably the
Was probably more than you had expected?
Yeah, more than I would have expected.
How would you advise new participants to approach the markets, given the current climate?
I would advise people to thoroughly research a stock before they buy it, and be sure to diversify.
Anything specific youd recommend for 2008? A stock or an industry?
Id probably actually recommend the gold industry. I mean, I know its fallen off a little bit, but I think the fundamentals are still there.
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