That one long position that you managed to hold for the longest period, which turned out to be profitable / very profitable along the way. When Peter Lynch says : ,,I made 13-een times my money with Dunkin Donuts'' 1300% Combined with the most common regret of hedge fund managers of ,,selling too early". (Answers like ,,My marriage'' doesn't count.)
Well, the question I have is was that your intention from the beginning or was it just a dumb luck? Moreover, how many similar trades in the past have turned out to be a loser, and I mean a BIG loser?
Let me paraphrase the original post, because it looks, that it wasn't clear enough. Had you ever had a long position, that you kept for a very long time and it turned out to be a great investment ? 1300% was an example, from Lynch's journey. I wonder, did anyone from this forum came close, or, by any chance, did even better. Just a curiosity.
Well, allow me to indulge myself with woulda, shoulda, coulda. I did buy AMZN when in was trading in the low $40s after the dot.com explosion, circa 2001. Unfortunately, I didn't hold on to it for very long. But had I held on to it till now, that would have turned out way way more than a meager 13 bagger.
I stayed out of the .dot com bubble as it was just too ridiculous. At least to a comp-sci major. On the other hand, now I wish I had come in just for the odd 100x bagger that would emerge later. LOL
Yikes! Nortel is a name that shall not be mentioned here. It also seems to bring back horrible memories to Bre-X investors...
Yup that's the stock that changed my investment stategy to a trading stategy. I originally bought Northern Telecom, a stodgy old telephone manufacturer that grew slowly and paid a dividend. It evolved into Nortel, ran way up then started to sell off. I listened to the talking heads and gurus who had buy more recommendations all the way to the bottom. Lessson learned.