Investors understand the stock market better today than at any time in history. For the most part, the world has given up on the idea that one gets rich by buying low and selling high. The real goal is to buy the most growth one can get at the best value and holds onto what one has forever, unless one must sell to buy even more growth at an even better value. The strategy works, so long as one bases one’s decision on sound analysis.
Ah, but the dream remains. If one can identify a single stock that will rise to 100 or 1,000 times its current value, one can get rich. The odds are long, but if one is right, one never has to be right again about anything.
Before you buy any speculative investment, put the money in an envelope, kiss it goodbye, and throw it over your shoulder. If you feel a terrible pang of loss, you may not be emotionally ready for this. If you can lose the money (please make it less than 5% of your portfolio) without that pang, but with the knowledge that you took a reasonable risk that happened to go the other way, then super, these stocks may be for you.
On to the stocks.