Post by
lifeisgood1010 on Dec 30, 2021 10:05am
It's a process
Many investors don't understand that to make huge gains in the stock market, you need
first to identify very well managed company with good prospects and a strong balance sheet.
IFP meets all these criteria.Lumber demand will be once again very strong in 2022
Many investors are not properly wired to make $$$ in the stock market.They want instant gratification.If the stock they just bought
goes down initialy and it last a while, they will often want to get out close to their break even price.
Will IFP go up every single day?absolutly not.It will have bad days and bad week.
Consider this,for a stock to go up 50% in price in a year, it has to go up on average .2%(2 tenth of 1%) on average.To double .4%...
If you miss the best 10 days in a year, you will have lost 90% of the gain.
For IFP to go to $60+ it will have to go to $41,$42,$43...You get the point.But it could also go to
$39,$38,$35...
IT'S A PROCESS.
You buy great company and you let the time do what it does best.
IFP will be a $60 stock and maybe much much more in 2022.But it won't get there in a staight line.
It's by far my biggest position and will add once again on weakness.