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I'm frequently asked if it's still possible to find huge winners in today's stock markets.
Many investors don't believe it's possible now that the bull market is a whopping 3,100 days old, and many of the best-performing stocks are already household names.
They couldn't be more wrong.
Not only is it absolutely possible to find the market's next monster profit-makers – it's also very simple if you know what to look for.
You can do it!
Scoring huge winners is not about being part of some super-secret Wall Street club or being an insider in Silicon Valley. What's more, it doesn't take a huge amount of money to make money, like many investors believe.
The secret is in understanding how to identify the difference between a company making just "cool, nice-to-have" stuff and one offering truly "must-have" products and services the world can't live without. The former is a risk you don't want, let alone need. The latter is where you and your money want to be.
Let me give you an example.
Take Fitbit Inc. (NYSE: FIT) or GoPro Inc. (Nasdaq: GPRO).
Millions of investors were enamored with these companies in the lead-up to their initial public offerings (IPOs for short). They both offered new gee-whiz technology that would allow users the ability to track and record their lives.
Sadly, most got taken to the cleaners for reasons I outlined in articles at the time when I encouraged you to avoid both companies like the plague.
Today, Fitbit has fallen -87.37% from its peak, while GoPro has tanked to the tune of -89.23%. Had you invested $10,000 in each, you'd be left with only $1,263 and $1,077, respectively. Ouch!
How could things go so "wrong?"
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About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean. In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.