Why I Love Investing!

In 2016, I purchased shares of Nvidia NASDAQ: NVDA), the graphics chip maker, for $68.97 per share.

About a few months after that, I purchased shares in a genomics company called Invitae (NYSE: NVTA) for $7.21 per share.

From the time I purchased Nvidia, all it did for the most part was go up. Over the next two years, it would climb to a high of $298 per share.

At that time it was the best-performing stock in my portfolio…up over 400%.

During that same period of time, Invitae was a horror show. But it still managed a gain of about 50%.

Now 50% ain’t bad. But Nvidia’s performance, of course, crushed Invitae on a relative basis.

Then, last October, the market started to crash…and it took Nvidia down with it. It plunged a whopping 57% at its low, before rallying.

As bad as that sell-off was, though, Nvidia was still the best performing stock in my portfolio.

Then along came the new year…

…and something phenomenal happened!

Invitae reported earnings that were off-the-charts good…and the stock took off!

In the months to follow, Invitae went from $11.50 to $25.75.

And now, Invitae is the best performing stock in my portfolio – up 226%.

The crazy part? This all took place in a span of three months.

This, my friends, is why you can’t try and time the market!

And this is what I love most about investing in stocks.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

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My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)