4 Lessons From My First 100-Bagger
Many investors rightly celebrate finding "multibagger" stocks that go on to double, triple, or even quadruple from their initial entry price. But what about stocks that return 100 times your initial investment, earning a gain of 10,000% or more?
It might sound ludicrous, but these incredible equities are more common than you might think. In his book 100 Baggers: Stocks That Return 100-to-1 and How to Find Them, investor and author Chris Mayer studies 365 stocks that achieved 100-bagger status between 1962 to 2014.
This year, I finally achieved the 100-bagger feat myself thanks to Nvidia's (NASDAQ: NVDA) incredible AI-fueled rally. I've personally owned shares of Nvidia continuously since 2010, though when I began writing for The Fool in 2013, Nvidia was trading at a split-adjusted price of $3.39 per share. Today, Nvidia stock is trading hands at around $461 per share, good for a gain of over 13,500% (so technically a 135-bagger) from that cost basis.
Source Fool.com
