Most investors make the mistake of trying to buy the bottom. Wall Street even has a catchy saying to describe this kind of investing, “trying to catch a falling knife”. The preferred strategy used by most professionals is to find a stock moving higher, buy it, and well it even higher.
When you think about it, this is the much more logical strategy, because a stock moving higher usually means the company is executing its business plan well. One such stock that has done well in 2023, and provides a nice income stream to boot, is Orange SA (ORAN).
