do something, page-156

Historically on the asx, there have been about half a dozen stocks go up around 1000x to 2000x over the last 2 decades if you calculate from ATL to ATH. I know there are about 2500 stocks on the ASX, but the stocks that can 1000x are generally under 10m market cap. Are generally tech stocks. Are generally tiny resource stocks. You won’t have woolworths become 50 trillion dollar market cap. But for a 5m market cap shell, a tiny maybe. Now, buying at the bottom when a company is at its infancy is the easy part. The most you can lose is 1x. But when the stock is 20x up, that’s when your sweat. You can sell and buy something else for compound growth. Not that that’s a wrong decision. But if you do that you risk buying a rubbish that drops to zero. You also risk selling the equivalent of a bitcoin at 20c. Yes it’s 20x appreciation from 1c, but it’s 500000x away from 100 thousand. True high net wealth individuals have both the capacity and mental strength or fortitude to hold valuable assets long term.