As we know, some people see the risks and dangers everywhere while others see opportunities everywhere, perhaps because of the risks and dangers that exist. An entrepreneur is one who sees a problem and is foolish enough to think she or he can solve it or improve on existing solutions.
I recall a friend and client of mine who thought there could never be another Apple company or stock (AAPL). While its stock is now almost 41 years old and 219,000 percent higher, I can assure you that others still exist or will develop. And if you do not invest in Initial Public Offerings, a risky habit, you can earn unusually good results from more mature companies.
For example, in the past ten years since December 3, 2015, Apple is higher by about 885 percent. While the highest performers are tech companies including Applied Digital (APLD) at over 28,000 percent, NVIDIA (NVDA) with a gain of over 22,000 percent, Centrus Energy (LEU), has gained over 17,000 percent and Celsius Holdings (CELH), a beverage company over 8,000 percent.
Why do you, and even I, usually not know these stock price increases are happening? One of today’s great strategic thinkers, Dan Sullivan, says the eyes do not see what the mind is not looking for. It takes years for outsized gains to develop and most investors have other things to do, such as having a life!
But I would encourage you not to be one of those people who think almost all the great inventions or improvements of life are in the past. Plus, you will do quite well in investing if you only use some of the excellent mutual funds and exchange traded funds available now on so many investment platforms.
Remember that the one who dies with the most money still dies and does not take any of it with them. Money is only a tool to help us to achieve our relationships and other goals. But if you have more, you can be even more generous and not only on Giving Tuesday!
(Past performance is no guarantee of future results. The advice is general in nature and not intended for specific situations)