|
So, you’re looking to
secure your future, huh? And the best way you thought how to do so is by
investing in the stock market. Well, let me tell you something… good choice!
The business of stock trading and stock investing is a very rewarding one
indeed, but only if you dedicate enough discipline and hard effort is put into
understanding it. I guess your immediate question would be, which is the best
stock to invest in?, right?
I could talk to you
about all the popular and good stocks to buy out there, but that’s just the
problem… their too popular. From my own experience I can say that one of my
best stock picks was of a small company back in ’89… now one of the – if not
the most – powerful multinational corporations in the world. I’m not going to
reveal the company’s name though, but at the time I bought them, is was selling
penny stocks. It cost be around $0.70 to buy one stock, so I bought a bunch of them. It was risky
but, then again, I only spent around $400 bucks.
The Early Years
The first year, my
little NASDAQ penny stocks went up around +0.30. That means they were up to
$1.00! that was good knows! But I wanted them to go up a little further and
then sell them so I could make the difference… To my surprise they dropped to
$0.90 – something like that. But this wasn’t a bad surprise for me, somehow I
ended up buying a whole bunch more… spent around $2,000! To this day I don’t
know why, but I took the risk!
For the next 10 years
the stocks skyrocketed and I was selling and buying and selling and buying…
From a bunch of day trading penny stocks, I made a great deal of money, but the
thing is… by 1999 they weren’t penny stocks anymore! Their price had gone up to
a whopping $50 per stock! How about that! Life was good! And still is… Thanks
to that moment!
In Short
What I’m trying to say
here is, the best stock to invest in isn’t always the one that’s worth hundreds
of dollars. Sometimes you just have to go for it and take the risk with penny
stocks, and sometimes with enough research you know the penny stocks are going
to explode some day and make you a real fortune!
William Foxx has dedicated a great part of his life into understanding how the stock market works and which are the best stocks to invest in. He believes that almost anyone with enough determination can make a lot of money by choosing the right penny stock picks. |
tweet this!