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Buy and Hold, Sell at 273%

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Fri, 12/08/2006 - 12:06 — Christoph C. Cemper

I am buying small cap stocks on a regular basis, thanks to the fantastic "hiddengems newsletter" of the Fool.com founders … it's a paid service and I think they recently doubled their rates to 200 bucks a year or so… crazy?

No way… their service provides an in-depth review of companies that are well below the radar of most primary media which means I am sometimes the first guy in Austria (ok,we are a small country of only 10m people) buying that stock (which means my online broker has to file a manual transfer request.

And also they often look into niches that I would never look into… such as "funeral homes" ... graves… beds for the dead… brrr.. what a business..

But guess what, just today I found out that I was credited 20$ for each of the shares I bought at $8.41 two years ago… and held them… that's a net gain of 173% in two years.

And the best – because Alderwoods were merged that is a special case of selling stock that does not even incur any transactions fees… at least for me…

Nice shot…

With stocks it's just like with links … look for those that stick under the radar (of big investors, of search engines, of competitors…)

that's what you need to prosper…

alright- gotta think how to spend that fortune now :-)

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