However, working in any industry also gives us an advantage because it exposes us to great businesses and their products as well. As consumers, we have an edge in finding potential tenbaggers because of our exposure to successful companies and their products. The first indication that a stock is going to grow rapidly is warm response from consumers. When a stock earns a tenfold return, it’s called a “tenbagger.” To find these stocks, you have to go shopping. * Invest in a house before putting your money into stocks because research is key to successful investing and macroeconomic trends are irrelevant. * How will you react if the stock price suddenly drops? Ignore short-term fluctuations. What do you expect to get from your investment? * Are you investing for the near term or the long-term? Think long-term.You can spot new products and companies before the professionals just through your daily experiences. Volvo gained his interest because of his wife’s love of the brand Apple Computer became an investment opportunity after he used their computers Dunkin’ Donuts was discovered while eating donuts with friends Pier 1 Imports came up as a result of shopping there often.Īs an individual, you have significant advantages over institutional investors. La Quinta Motor Inns was found when he stayed at one during a vacation.
For example, Taco Bell was discovered by Peter Lynch after he ate there many times. That is why it is important to invest your money wisely and find great stocks through your personal experiences. The next time you see a Subaru, think about this: If you had invested $6,410 in the company’s stock instead of buying that car, and then sold it for $2 per share in 1986, you would have earned exactly one million dollars. 1-Page Summary of One Up On Wall Street Investment Vehicles
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