Personal Finance Articles

Bank This 47% Profit RIGHT NOW!

by | Personal Finance

Personal Investment

Bank This 47% Profit RIGHT NOW!

Jan 18, 2018 | Personal Finance

One year ago to the day, Wealth Research Group covered the only lithium pick we’ve found thus far that met our stringent requirements.

Today, after exactly one year, I am personally exiting the position for close to a 100% gain. We initially covered the company at CAD$0.91, but market sentiment towards lithium weakened and shares plummeted.

The company progressed its projects, though, and I became even more bullish, so I added to my position, lowering the average cost to CAD$0.65.

Even if you stuck to a simple Buy and Hold strategy, you’re up 47% in 12 months – that’s double the return of the S&P 500 during this same period!

I am taking profits on Advantage Lithium for two reasons:

  1. Our goal was to clear a 40%-60% gain in one year, and we’ve done that BIG-TIME!

During 2017, we’ve also banked a massive gain with First Cobalt, which was over 100%, even when avoiding any sophisticated dollar-cost averaging strategy.

  1. We’re not covering these two winners in 2018 because an absolute earthquake that will shock the entire resource sector is coming with the launch of a new company in the strategic, cutting-edge metals sector, and Wealth Research Group will alert you on it first.

Patience is everything with investing. In fact, one of my favorite Buffett quotes is this: “Time is the friend of the wonderful company and the enemy of the mediocre.”  

A blizzard of profits will keep coming our way as long as we stay sharp and don’t settle.

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