Check out the tweet shot below. It shows the stock returns in some of the big companies in USA since the time of their IPO.
There are some clear lessons here:
1. It is extremely important to identify the diamonds. You may not know it then, but you have to go on your gut and belief.
2. Patience always pays. It would have been difficult to hold back on to these shares if someone invested in them since IPO because of their returns. However, if people have still held on to it, then they would be laughing all the way to the bank today.
3. If the company and its business model is good, you can enter at any given point of time - either as an angel investor in its pre IPO days, or during the IPO or even as a shareholder who buys these stocks when they are still priced at a reasonable price.
Have you been lucky and smart to find such gems early enough?
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