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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (6266)3/10/2001 12:03:50 PM
From: puborectalis   of 6445
 
:....reminded of what John Templeton did in 1942. The stock market in New York was depressed because of the Great Depression and World War II. With a modest amount of money Templeton bought 100 shares of each of the stocks on the New York Stock Exchange that were selling for less than $1.00. He held on to them for a good long while, and although some of these companies didn’t survive, he had bought the vast bulk so cheaply that he made a fortune.
Today many Nasdaq stocks sell for small sums. A similar strategy might be to buy all these stocks and hold them through thick and thin. In five, ten, fifteen years there’s an excellent chance that this will be one of the best investments an investor will ever make...."
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