I have read a funny statement from an investment book where the author said :"I always heard someone still holding the stock which has dropped 90% from their buying price, but never heard someone still holding the stocks which have rose 900%." On the other hand, if your ask me to give some stock which has ever rose 900%, I can pick up many. For example, in US market, it can be Apple, Google. In Hong Kong, it can be Tencent(700.HK), HK stock exchange(388.HK), etc. But none of the rising trends I could ever catch.
It is difficult to cut small loss and let the big profit run and run. For amateur investors(may be actually gamblers), it needs luck to achieve it. I learned from newspaper that there was an accountant, he discovered an industrial stock and thought it should have glorious prospect. He was so brave that he invested 500,000 dollars with price around $0.5 per share. After a year, the broker he used went bankrupt. His investment account was frozen.He could not get touch with his stocks in several years. When his account was finally unlocked, the industrial stock rose more than 2000% and became more than 10 dollars per share!(It is about $26 now). The company achieved great success by building strong relationship with Home depot(a gigantic US department store). The guy earned more than 10 millions dollar! When his tale was under the spotlight, he was regarded as the "God of industrial stock".
Luckily, a similar story, although the scale is far smaller, occurs on my older sister! Let talk about this next time!
No comments:
Post a Comment