How to Find a Stock On Sale That's Right for You When you encounter a stock for a worthwhile price, you will know it.

By Phil Town

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

What does it mean to buy a stock "on sale?" In this video, Entrepreneur Network partner Phil Town explains when to buy a stock to get the best return on investment.

If you're looking for a stock on sale, Town emphasizes that you must practice patience, withstand the flow of emotions and resist fleeting impulses.

It can be an extreme thrill when, as an investor, you're aware of the price you want to pay, you know the quality you're expecting and then seemingly, out of nowhere, you encounter the stock on sale. The common adage of buying low and selling high is a go-to strategy for Town. Ideally, the stock should be about 50 percent below its real value.

Click the video to hear more from Phil Town.

Related: 3 Bad Investing Habits You Should Drop Before It's Too Late

Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

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Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Phil Town

How to Find a Stock On Sale That's Right for You

3 Bad Investing Habits You Should Drop Before It's Too Late

Nervous About Investing? Think About Your Money This Way.

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