Continue To Buy Growth and Hold It!

On August 21 of this year, I wrote a post titled “Buy Growth and Hold It”.

We took a small amount of money generated by my beginners’ investment handbook, The Stock Market Is For Everyone, and purchased one share of a company called The Trade Desk (NASDAQ: TTD) for $48.20.

The purpose of this investment was to demonstrate the potential returns available from investing in young companies with tremendous long-term potential.

At the time I wrote the post, back in August, TTD was up 165.58% from where we purchased it, which was phenomenal!

I wanted to follow up today on that investment, so readers can see how the stock has fared after the big sell-off we’ve had…

should i buy ttd

As of this writing TTD is up 195% from where we purchased it.  By any measure, that is a great return!

Our game plan is to hold onto it and potentially add to the position as soon as we can.

Remember…buy growth and continue to hold!  Always remember this when deciding what stock to buy.

Buy Growth and Hold It!

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On April 9 of this year, we took the proceeds from sales of The Stock Market is for Everyone and decided to start a Wealthy Joe Investment Fund.  We bought one share of a company called The Trade Desk (NASDAQ: TTD).

As you can see in the screenshot above, taken this evening, TTD has been a great investment thus far!

Don’t get fixated on the number of shares; focus on the performance of the company.  When you buy great companies that are benefiting from major trends, this kind of return is what’s possible!

 

 

 

 

Ten Stocks With Very Bright Futures!

growth stock

As I mention in my beginners’ guide to investing, The Stock Market is For Everyone, when you’re looking for companies to become a partner in, you want to invest in companies that have a bright future.  We only care about what’s going to happen  – not what already happened.

With that in mind, here are ten companies that should continue to do well over the next 5 to 10 years:

Stratasys (NASDAQ: SSYS): Stratasys is a provider of 3D printing and additive manufacturing solutions for the creation of parts used in manufacturing.

The Trade Desk (NASDAQ: TTD): A technology company that helps businesses manage their digital advertising platforms more efficiently.

HubSpot (NYSE: HUBS): Provides a cloud-based marketing sales software platform.  The software helps customers attract people to their website, convert them into customers, and delight them, leading to new business referrals.

iQIYI (NASDAQ: IQ): One of the hottest IPOs this year.  This company has been called the Netflix of China.

Teladoc (NYSE: TDOC):  Not even doctors are immune from being disrupted!  Teladoc allows you to see your doctor without the hassle of having to go there.

Editas (NASDAQ: EDIT):  Editas is a leader in the highly controversial and exciting field of gene editing.  They are one of the pioneers in a groundbreaking new technology called CRISPR (pronounced “crisper”).

Axon (NASDAQ: AAXN): Axon used to be called Taser before it changed its name.  They develop, manufacture and sell conducted electrical weapons for use by law enforcement, military, corrections, and private security companies.

New Relic (NYSE: NEWR): A provider of enterprise software. The company’s cloud-based platform and range enables organizations to collect, store and analyze software data in real time.

Roku (NASDAQ: ROKU):  Operates a television streaming platform.  The company connects users to streaming content, enables content publishers to build and monetize audiences, and provides advertisers with the capabilities to engage customers.

Baozun (NASDAQ: BZUN):  Chinese e-commerce solutions company.  They help small companies start and build an e-commerce business.

If you’re looking for new investing ideas any one of these up and companies might be worth a look at!

Please check out The Stock Market is For Everyone, or reach out to me here, if you need help getting started in investing.

Until next time!

Proof That AI is the Future

ttd

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!