Tips for Media Mammon....

I'm going to break this down into 4 sections:

General Tips
Beginners Strategy: ($250 -> $100,000)
Mixed Strategy: ($100,000 -> $500,000,000)
Advanced Strategy: ($500,000,000 -> Unlimited Funds)

General Tips

• Visit news sites like news.google.com.  Search for a common word like "The" and sort the results by date.  Refresh often and look for breaking news stories.  Find a key word that would be unique to the story, and buy!  (As you get richer, these words should become more common/less unique.)
   
• Other sites for breaking news are:  News Now and AP Breaking News (at TBO.com)
   
• Watch Sports.  Where else can you find stories that WILL be reported on, but won't break until after the game is over....  Buy stock in the name of players (the rarer the better) that make key plays that are likely to be in stories... 
   
• Don't keep stocks beyond 15 hours or so after the story has broken.  Most stories will remain online for 24 hours at Yahoo News, but many start dropping off the page around the 20 hour mark...
   
• If you have the money, buy big words such as holiday names, but don't do so before a day or two before the holiday.  "Pearl Harbor" cost less than $100/share within 24 hours of the anniversary... This way, you don't clog up any of your 10 slots for an extended period of time.  If you don't have the money, focus on short term stocks instead!

Beginners' Strategy

When you are starting out, quantity is everything.  Seek out <=  $1 stocks that are likely to make money FAST.   Put all your money in a single stock at first, until you reach the 10,000 shares/stock limit.  Don't buy anything that is expected to pay out only in the long term. 

Explanation:  Your payout for $1 stocks doubles when the price reaches $2, then again at $4, $8, $16, $32, etc...   If you buy stocks above $1, it takes much higher price points to double your payouts!

Mixed Strategy

Once you hit the $100,000 mark or so, start transitioning to the advanced strategy below.  For now, pick up the good potential $1 stocks (10,000 of each) when you see them, but once you hit the limit of 10 different stocks in your portfolio, start buying the more expensive stocks that are likely to pay out well... Again, short term is best, but long term payouts are becoming more acceptable.

Advanced Strategy

Once you have seemingly unlimited funds, the best stocks to buy are those that will achieve the greatest gains, REGARDLESS of the purchase price.  For example, 10,000 shares of a $300 stock that is likely to rise to $3,000/share is a better buy than 10,000 shares of a $1 stock that is expected to hit $100/share. 

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