Peter Lynch coined the term ten-bagger. It is simply a stock that increases to 10X the price it was purchased at.
Here's an interesting thought....If you initially invested $1000 and had 3 consecutive ten-baggers, you'd have $1 million.
I've kept a small portion of my portfolio in my "swing for the fences" account for about 2 yrs now, and the best that I've done so far on one stock is a 218% gain in 5 weeks. (TIM on the TSX) I'm holding out for my first ten-bagger and I'll either ride into the sky or into the dirt, so I still haven't sold although I'm now at 176% on that same stock. Incidentally anything that I pick has good volume and liquidity so this is not some penny stock that you can't get rid of.
Any of you had a ten-bagger? How long did it take from the time you bought? Was it a straight up ride or more of a roller coaster? Did you jump in and out of the stock on the way up? Did you re-invest the windfall or go on a spending spree?
Here's an interesting thought....If you initially invested $1000 and had 3 consecutive ten-baggers, you'd have $1 million.
I've kept a small portion of my portfolio in my "swing for the fences" account for about 2 yrs now, and the best that I've done so far on one stock is a 218% gain in 5 weeks. (TIM on the TSX) I'm holding out for my first ten-bagger and I'll either ride into the sky or into the dirt, so I still haven't sold although I'm now at 176% on that same stock. Incidentally anything that I pick has good volume and liquidity so this is not some penny stock that you can't get rid of.
Any of you had a ten-bagger? How long did it take from the time you bought? Was it a straight up ride or more of a roller coaster? Did you jump in and out of the stock on the way up? Did you re-invest the windfall or go on a spending spree?