Find companies that you yourself are convinced it is a good business and a good company. Look for some up and coming thing/item/service that could start to make a company a lot of money or that their business is going to grow.
I invested in a lot of āwhat ifā companies that went under; not a lot of money, but maybe $5,000 each into maybe ten or twelve companies that went under. Lost lot on some early weed companies, lost a lot on Tilray. But I had put lots more of my money into companies that did boom.
I bought Apple and Amazon in 2005. I bought a lot of Tesla in maybe around 2010, when the model S got 100 rating from car and driver. Made hundreds of thousands on those companies. I still own a lot of shares today, trimmed and took profit a on big gains, but they still are over $100,000 value in my portfolio.
I bought a lot of archer and Joby a year ago. Iāve been holding lots of Rivian since itās IPO. I hope those companies in the next five years do what some of those others did over the previous ten years. I am super convinced Rivian is going to kill it with the R2s for the next four years, especially hearing out how the big car companies are pulling back on their EV deployments. Rivian hasnāt moved at all recently, the R2 is set to be delivered in 2026. Potentially if you invest now, in my mind at least, you can ride that one up. It is only like a $13 stock.
You just have to be patient. Yeah you might not have earned 20% a year holding Rivian over the past four years. I havenāt made any money at allā¦in for about $30k now. But it would be worth four years of no gains if it goes 1000 or 2000 or 3000% over the next five.
I come here and throw money into some of the companies I hear about after researchingā¦like space mobile, and rocket lab recently (tripled my money in those). Gotten some really nice returns in a short time. I also picked up some Rigetti and D wave when they were in the early teens from reading about them here. I would definitely have a lot more money if I had a lot more balls like some of the people here, but most of my money is in way more risk adverse stuff.
Scientists: "Quantum computing is merely theoretical and will take decades to achieve, assuming it's doable at all."
IonQ, D-Wave, Rigetti, et al: "Actually, we all figured it out... at the same time... and our methods all are different. So, I guess there are a handful of different methods that all work, and it just so happens that all of them were discovered independently at the same time!"
Uh huh, sure. Clear as day that this is an everything pump. Even Jerome can't take the hard out of the eventual landing.