Methodologies, Trading

How to Double Your Money

Read: http://www.fool.com/news/commentary/2005/commentary05120908.htm

Summary:

  1. Large, high-quality stocks can double in 5 years.
  2. High-quality stocks can double in 3 years if their industries are in favor.
  3. One-year doubles are crazy. Can happen if there is exceptionally strong growth, and a recognition of that growth from the market at large.

Takeaways:

  1. Need to look for one-year doubles.
  2. Cannot stick with one stock for a year, need to switch between multiple stocks in a year, catching a decent gain in each stock, so that eventually by one year, a doubling is effectively achieved.
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