I was recently reading a USA Today article about 11 stocks that turned $10,000 into $100,000 in just 2 years. This is not a list of older established companies like Microsoft (MSFT) and Walmart (WMT) that you could have bought in the 80′s. Instead the list includes a number of companies that you could have bought over the past two years. Let’s take a look at the 11 stocks that made the list and what they have in common.
This Company’s Shares Could Double Over The Next Few Years
January 21, 2011 By 10 Comments
I love a good growth stock. Who doesn’t? Growth stocks are a great way to make money investing. Finding companies whose growth potential outweighs its current valuation is getting more and more difficult in this market. The Dow and S&P 500 are up and to put it frankly, many companies are starting to get expensive. I have managed to find one rather well known company whose shares appear to be trading very cheap despite the rise over the past year.
These Companies Have Been Bad Bets Since The 90′s Ended
December 7, 2010 By 2 Comments
The best days for Microsoft (MSFT), Walmart (WMT), and Dell (DELL) are long gone. These stocks were once great growth stocks that turned some long time investors into millionaires in the past. Since 1999 these stocks have still received the same hype from their earlier growth days but have left investors with little to no return.
Great Growth Stocks Sold Too Soon
July 13, 2010 By Leave a Comment
Today I would like to take a look at an investment mistake that I have made in the past. It is a common mistake of many investors,. The mistake is failing to stay invested in great growth stories that have the potential for multibagger status. Selling a stock too soon can rob you of the potential profits. Many investors worry about holding a stock too long but too few consider whether they have given up on a stock too quickly.
Here are 3 great growth stocks that I sold too soon.
Netflix (NFLX)
Who knew that renting DVD’s through the mail would become so popular? Shares looked expensive in the early 2000’s at $26. Since then the stock has split and returned 1300% over the past 8 years. Needless to say, my selling early was a big mistake.
Chipotle Mexican Grill (CMG)
I thought that this would be just another fad restaurant chain. There are so many chains in the restaurant industry that it’s difficult to tell which ones will make it and which ones will now. Well, Chipotle made it. Chipotle shares are up over 200% since the chain was spun off from McDonald’s in 2006.
Google (GOOG)
During Google’s initial IPO, shares were selling in the $85 dollar range. I bought in at $145 and I sold out way too early in the upper 200′s. I failed to see the long term growth potential of Google. Shares of Google are now approaching $500 and the stock could be an earnings giant for a decade or more.
An important lesson to learn from this is that sometimes the best investment ideas can be found in your existing portfolio.
Tomorrow I will take a look at 3 stocks that I believe have multibagger status written all over them.
