There is an old quote about making money, "True wealth is made by accumulating an asset when its outlook is the bleakest." For a real world look at how true that statement is take a look at SRPT, a biotech stock. After a rocking IPO where its share price was over $60 it sunk to the low single digits just four years ago. Its prospects could not have been bleaker and it was nearly worthless as a company. But if you had faith in the company and the discipline to pick up a few shares every month you would have had a 10x gain in less than two years.
So what is the next SRPT? It could be a stock like CBLI. A high-flying $60 stock a few years ago is now under $5. Does it have a future? Is there anything on the horizon? It is hard to say since getting access to FDA approvals and drug test results is difficult or the data is way out of date. However, if you can take just a small portion of your investing money every month and buy 25-50 shares and have the patience to wait two to five years there is a good chance you will be rewarded for the wait.
If you look closely you will see that there is not much difference amongst successful gamblers, speculators, and investors. The good ones uses sound money management and discipline to get the results others only dream of.
So what is the next SRPT? It could be a stock like CBLI. A high-flying $60 stock a few years ago is now under $5. Does it have a future? Is there anything on the horizon? It is hard to say since getting access to FDA approvals and drug test results is difficult or the data is way out of date. However, if you can take just a small portion of your investing money every month and buy 25-50 shares and have the patience to wait two to five years there is a good chance you will be rewarded for the wait.
If you look closely you will see that there is not much difference amongst successful gamblers, speculators, and investors. The good ones uses sound money management and discipline to get the results others only dream of.