2015 began with great promise for investors. The price of oil had already collapsed, to be sure, but the damage was confined mostly to drillers and big oil. For the rest of us, the price of gas was low, which was keeping our wallets full despite the lack of any real growth in wages. Also, our huge iPhones were still new enough to seem really cool.
And yet, as the year enters its final months, stocks are down for the year, and some by quite a bit. Even at this late date, we still don’t know whether the Fed will raise the prime rate before the end of the year. This sort of uncertainty sometimes causes individual investors to stop paying attention, and as a result, they miss the opportunities they have been waiting for.
So I ask… is there anyone who would jump on a speculative stock today, knowing that it will, more likely than not, lose value? Is there anyone who is still hoping for a double? A triple? A ten-bagger? These trades are high high risk, and potentially high, high return. Remember to consider these ideas as just that, ideas, and do your own research before investing.