A nugget of wisdom for the new week.
Price is probably the most important criterion in making sound investment or trading decisions.
Every stock or asset is considered a 'buy' at a certain low price, a 'hold' at a higher price, and a 'sell' at an even higher price.
However, most investors like simplicity, optimism, and the possibility of 'smooth sailing' across all asset classes.
They prefer to hold a well-performing financial asset over an underperforming one for now, often regardless of price.
They prefer a fully built asset and avoid assets that need to be filled.
Although often, empty or neglected structures can be a much more attractive and profitable investment.
Although this choice is considered a less risky strategy professionally, it does not guarantee excellent performance.
A great business at the wrong price can turn into a bad investment.
Choose your investments carefully.
Until then, here is the formula to earn 10 times your profits today in 3 simple steps:
1. Find stocks that can double.
2. Once they double, wait to see if they can double again.
3. Repeat step 2 five more times.