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re: Thinking about quitting stock picking
Posted on 8/25/14 at 1:58 pm to LSUtoOmaha
Posted on 8/25/14 at 1:58 pm to LSUtoOmaha
quote:
Also, what are the chances of hitting a "5 bagger"
0 if you don't make an attempt.
There are a plethora of small and mid cap stocks that have achieved that in only the last couple years. Of course you'd have to be on the train early, and the odds are stacked against you, but a 5 bagger isn't like picking lotto numbers, it's more common than you think.
1
Posted on 8/26/14 at 4:03 am to rintintin
quote:
There are a plethora of small and mid cap stocks that have achieved that in only the last couple years.
depends on how one defines 'plethora'.
according to Fidelity, screening for over 500% return over last 3 years:
49 out of 3,807 with sales over 100mm (1.3%) and 74 with sales over 25mm (1.6%).
Can be done, but I sure wouldn't plan on it...it's certainly luck, not skill when one hits one of these as unknowable variables are virtually always the primary factor.
having rained on the parade, I'm believe that I am going to spend the next few hours finding the next one
since the market has been on an historic run the last 3 years, I'd guess the number that return 500% over the next 3 will be less than 1/2 of the last 3, so there are about 20 companies of the 5k or so listed I have to locate...maybe it will take more than a few hours
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