That is, is it keeping up with the Dow Jones Industrial Average?
Early in 2021, the DJIA passed 35,000 for the first time. In six or seven years it will double and reach 70,000. Unfortunately, many portfolios will not double by that time because they contain too many securities that are underperforming. You can correct that situation, either as an individual investor or in consultation with your financial advisor. Stock-Picking Revisited explains how to do so.
Obviously, successful investing is based on choosing the right securities to purchase. Money managers develop portfolios by various methods; however, the purpose of this book is not to revisit the old methods, but to present a new method that will beat most, if not all, of them.
This is not a get-rich scheme. I don’t have a method for selecting the next Apple while it is selling for $1.00 per share. Instead, I’ll show how to pick good stocks, mutual funds, and exchange-traded funds (ETF’s), hopefully ones that are good enough to hold forever. If you do, when the DJIA reaches 70,000, you will have doubled your investment.
This is helpful. I have gleaned great ideas from this book. I also have a $5,000 casino account. I have owned Apple since the last split. I bought it and read Steve Jobs biography. I wish I’d started collecting Apple shares 30 years ago. Thanks for some great stock knowledge and system.