Last October, I published a small e-book, titled The Stock Market is for Everyone, because I am a believer in the wealth that investing can provide for everyday, average Americans.
Sales of the book have been slow. But when I started out, I knew that this was a process, and that it would be a marathon, not a sprint.
One of my goals was to create a Wealthy Joe Fund from proceeds generated by the book, identify ideas to invest in, and share the progress with the general public.
Without a great deal of capital from book sales, I took exactly $50.50 of royalties that the e-book generated and used Robinhood to purchase one share of a company called The Trade Desk (NASDAQ:TTD).
Now I’m sure that most, if not all of you, have never heard of this company called The Trade Desk. It is not a household name.
What The Trade Desk does is provide a technology platform for companies that want to buy advertising. It helps advertising agencies manage and display social, mobile and video advertising campaigns.
The company uses a great deal of machine learning to create the most effective advertising campaigns possible, by targeting the ads to the individual’s personal taste. If you’ve read any of my posts, you know that I am a huge proponent of the future of investing in companies that are going to be leaders in the artificial intelligence (AI) space.
I purchased one share of The Trade Desk because I believe that this company is going to be one of the leaders in artificial intelligence over the next 10 to 15 years.
On Thursday, after the close, The Trade Desk reported earnings. As you can see from this screenshot, their earnings were so impressive that the stock was up over 43 percent in one session!
If a company’s stock goes up 43 percent in a year, that is a great return. Going up 43 percent in one day is spectacular!
I believe that this is but a prelude to what’s to come for companies that are on the cutting edge of AI.
My friends, you need to pay attention to what’s happening. Don’t just take my word for it. Look at the performance of a company like TTD and draw your own conclusions!
In my next post, I will share a story that epitomizes the importance of paying attention to generating wealth.
Until next time!