Social Icons

Sunday, November 6, 2016

A new stock for my US portfolio: Smith & Wesson Holding (SWHC)

I have big problems big time to concentrate on the US stock market, but I am not giving up. I have US dollars in my broker account, the money need to be invest in the US market. If I wouldn't do so, it would be a waste of time and money. I have to say, its been quite difficult to come with a US investment that I feel confident about. That is now part of the past because I just came around with a very good idea.

This fact is well known, US gun stocks value surge whenever there's a tragedy involving guns in the United States. And its also true during election times. For a reason or another, when American people feel the danger, their way to get over it is to buy guns. When it happen, gun stocks make profit out of sad events.

Hunting is pretty common in New Brunswick and in the Maritime. I actually learn how to fire a rifle before I even learn how to drive a car. I don't feel uncomfortable holding a US gun stock. After all, its all for my benefit. 

I hope no other tragedy will happen in the US, but the upcoming elections are going to shake up things, whether it is Clinton or Trump who become President. And it will probably affect favorably the value of gun stocks either way. If Clinton win, Americans could go in a hurry buy guns before Hillary have the legislation change for gun owners.

I came across Smith & Wesson Holding (SWHC) and I think it could be a good stock for a quick buy and sell at profit sexy move. That's the plan. The idea of making profit in US dollars is exciting because of the value of the US money against Canadian dollars. Its easy profit. The plan has to work.

1 comment:

NanaDi said...

I too have decided to add this stock to my TFSA and will be watching it carefully, also with an eye on the situation in the USA at this time. Good luck to them tomorrow and good luck to all of us.


Thank you

Thank you for visiting!
Blogger Templates