Stocks double all the time
Copyright 2006 Steve Hoven
Did you know that $1000 Invested one time, if it returns 100% a
year would be worth over $1,000,000 in 10 years? Here is how it
breaks down
Start $1,000
End of Year 1 $2,000
End of Year 2 $4,000
End of Year 3 $8,000
End of Year 4 $16,000
End of Year 5 $32,000
End of Year 6 $64,000
End of Year 7 $128,000
End of Year 8 $256,000
End of Year 9 $512,000
End of Year 10 $1,024,000
That is doubling your money every year.
Of course that scenario doesn't include taxes etc.. However if
you had a 401K you wouldn't get taxed on it.
Maybe you have seen that before but that shows that the person
with a Long term strategy can make a great deal of money from
not a big investment. 100% a year isn't a lot when we are
talking about HYIP investments but how many of those are going
to last 10 years as well? NONE
Did you know a good percentage of Stocks double each year? I
just did some quick research on this with the newspaper. I
opened up the Stock Market section for the Nasdaq/AMEX. I
decided to check the 52 week high and 52 week low for some
stocks. What I was searching for is how many stocks under a
certain letter were at least double from its 52 week low. In
other words for a stock like "Hansen" (I have NO IDEA WHAT THEY
DO OR ANY INFO ON THEM THIS IS JUST AN EXAMPLE) This company
(Hansen) had a 52 week HIGH of $44.25 and 52 week Low of $8.51
and was trading above $44. So from the low of $8.51 to the high
that is over 5x increase. Point being their are a LOT of stocks
that move up 100% in a year, Hansen moved up 400%+!
I did research on a few different letters. (I only looked at
letters that had a small # of companies just to show you the
research. I didn't want to do like the letter "S" which would
have hundreds of companies)
I did the letters "H", "J", "O", and "XYZ". In my paper the
letter "H" had 33 companies listed for the Nasdaq/Amex of those
33 companies 16 of them had a 52 week hi/low difference of at
least 90%. 17 of the companies did not.
The letter "J" had 9 companies that had a 52 week hi/low of 90%
or better, and 5 companies that did not. The letter "O" had 27
companies that had a 52 week hi/low of 90% or better and only 15
companies that didn't. The letters "XYZ" had 17 companies with a
52 week hi/low of better than 90% and 6 that did not.
So of those 6 letters listed above companies under those letters
had companies with a 52 week hi/low of 90% or better 69 times
and not 43 times.
My point of this is MANY stocks each year double in value no
matter what the overall stock market does. All you need is to
find 1 a year that can double. That could go from .50 cents to
$1. Or $5 to $10 or $20 to $40. You ONLY need 1 stock!
One stock I mentioned on our Alley Cat Trading Newsletter went
from .26 cents back in late November to almost $1 in early
January. That more than doubled in less than 2 months!The stock
was CYGX. I am sure there are many stock trading newsletters
online and off. Do some research on them and the companies they
recommend. Remember you only need 1 good stock a year. You could
very well have a situation like with CYGX where it doubled in a
very short time You take your profits and go hunting for the
next stock. You don't always have to be in a trade. If that
trade took you 2 months you are 10 months ahead of schedule take
your time to find the next stock that could turn. Maybe that
stock ends up taking 14 months to double.