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10-Bagger’ Investments Aren’t Impossible
Manage episode 444370871 series 3578171
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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 past two years.
Nvidia’s stock hit a low of $10.81 in October 2022. Now, it’s trading around $133per share after hitting a high of $140 in June.
But Nvidia is far from alone. Plenty of under-the-radar stocks have reached similarly high levels in the market.
Matt is flying solo on today’s new episode of the SteadyTrade Podcast, and he's diving into the world 10-baggers. Matt shares what to look for to find the next 10X winner – including various qualities of prior big winners from his resume, how a 10-bagger can change your investment life, and what kinds of stocks have the potential to grow that large.
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