About ten years ago, just before the price of copper began its move from below one dollar (from memory) to over four dollars, I owned a stock called First Quantum Minerals (symbol FM in Canada and US).
My brother Keith founded the company. It was the first billion-dollar company he built.
I owned 40,000 shares of the stock which I’d bought at 40 cents.
I ended up selling them at $4.00.
Not bad, I made ten times my money.
So how did I lose?
Well, to say lose may not be completely accurate, but you’ll see what I mean.
I knew the price of the stock was highly dependant on the price of copper. I knew it would move exponentially if copper went up.
It did!
As I said, to over $4.00.
In fact, the stock hit a high of $140…
YES, 40 cents to $140 and then split! (Split means you exchange one share for more shares. The price will go down to give you equal value at the current price.)
However, since I sold my shares at $4, I wasn’t able to fully reap the profits of that meteoric rise.
I missed out on $5,440,000.
You’d think I’d be pretty bummed about that, right?
Well, the truth is, I took that money (and more) and invested it in the next company my brother started. I was buying shares in a company for 20 cents that would go on to become his second billion-dollar company.
First Majestic Silver. (FR:CA & AG:US)
It’s been as high as $25 in Canada, and a little less in the US due to the exchange difference.
Full disclosure… I still hold a very large position in FR.
The truth is though, that I haven’t just bought these two companies. I’ve been doing this type of investing for 30 years.
I’ve amassed all sorts of contacts in the small cap investing sector.
I’ve been helping my friends invest and make fortunes for years as well.
But now it’s time to expand on that.
Which is why I’ve created the Perpetual Wealth Club.
As a member, you’ll get to invest right along with me.
I’ll tell you exactly what I’m doing now, so you can choose to follow along and profit.
The details for this exclusive access are here:
Oh, another thing…
Each month I’ll be doing a live webinar to answer your questions and talk through current and future positions and strategies.
Check the link for details.
