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10-Bagger’ Investments Aren’t Impossible

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 9 October 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

The term “10-baggers” is thrown around often in the financial industry. It’s not commonplace to be able to identify a stock that will eventually go up 10X in value. But it is achievable. In the investment world, snagging a 10-bagger is equivalent to receiving a massive trophy you can put on your mantel. One of the most recent and notable 10-baggers in the market is chipmaker Nvidia (NVDA). The face of the artificial intelligence (AI) bull market has rocketed higher over the ...

Transcript

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0:00.0

Welcome to State Trade Podcasts. I'm Matt McCall. Thanks for joining me. Yes, you're seeing my face first. Not the beautiful Tim Bowen jumping in. He had to take the week off. He is on the West Coast doing some work, his old boots on the ground.

0:23.1

And as you can imagine, travel doesn't always go perfectly. So he is very busy. So I decided to jump in and keep the show going for him. But Tim will be back next week. And just give you an insight, we already talked about what we're going to do next week on the 16th of October. We're going to dive into the election as we're going to only going to be a few weeks away. We're talking about stocks, sectors, what's going on, what you need to do, how to prepare a portfolio for any outcome that can happen upcoming in the election. But again, I'm Matt McCullough. Thanks for joining me here in a state trade podcast. We had a topic today that I love to talk about. I've talked about in the past of my

0:58.7

podcast. I've written about it. There's going to be a whole chapter in my upcoming book about it.

1:04.1

And it's looking at 10x stocks and even 100x stocks, which often are referred to as 10 baggers or 100 baggers.

1:12.8

What this means is you invest in a stock and it goes up 10x.

1:16.6

So if you buy shares for 10, it goes up to 100.

1:19.5

You make 10 times your money.

1:21.4

If you buy it 10, it goes to 1,000, you make 100 times your money.

1:26.5

And I know in this business, which is investment research, newsletters, education,

1:32.9

especially in this day and age of really hands-on 24-7 financial media,

1:39.5

a lot of the, let's call them, talking heads out, claim to have picked many 10x stocks, 100x

1:46.1

stocks, so they have the next 100x stock for you. It's really, it's a catchy phrase, and I love it.

1:52.3

And I love it not because it's catchy. I think sometimes we use it too much in this industry.

1:57.7

I love it because I know there is a reality behind it. Because over my two decades plus in this industry. I love it because I know there is a reality behind it, because over my two

2:03.5

decades plus in this industry, I've written about and recommended stocks, either live on national

2:09.8

television, live in articles that go live out there that are archived in the worldwide web,

2:17.0

recommending stocks, highlighting stocks

2:18.9

that have gone up 10x, and a couple that have actually gone up 100x.

2:23.8

So it is doable.

2:25.3

And I'm not saying I'm the only one that can do it.

2:27.3

I'm not saying that I have something special above everybody else.

2:30.6

But you have to have time.

...

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