RE:RE:WIND poster 100x on 1 stock and, 10x on otherHe stated that the 100x was for 6 years.
I know that it works because I have experimented it myself. The foolish trade is the daytrade. Wealth is built on loading up and waiting years.
In 2005 I had $ 125,000 Canadian to invest. I wanted to buy Google which had just launched its IPO at $ 105 per share USD. Our Canadian $$$ was strong so I could easily buy 1,000 shares.
I did not buy cause a friend said I was stupid to invest all that money in one company. I gave into fear and did not buy.
In 2024, that $ 105,000 Canadian investment would be worth +/- $ 6 million USD as of today or +/- $ 8.5 million Canadian.
Now you tell me, would daytrading beat that return? Absolutely not!!!! I have see the results of daytraders and most if they are lucky make around $ 30,000 to $ 40,000 per year, which is the equivalent of a job. Remove the taxes and you made nothing. 95% of daytraders report losses.
Therefore, waiting years is the best strategy.
NILI will eventually also pay the 100x but we must WAIT. Once it takes off, it pays dollars and not pennies.
Good Luck,