Here's how much I believe in NGW. I have violated two of my strongest held beliefs with regard to investment guidelines with NGW. What are they?
I'm glad you asked.
1. Never, ever, EVER hold more shares of a stock than is normally traded in one day. If the rug gets pulled out from underneath you, holding that many shares makes it almost impossible to get out alive. I have violated this precept big-time with NGW.
2. Never invest more than 10% of your portfolio in any one security. 5% is even better and safer. Although not to the extent of No. 1, I'm above this ratio here too.
So why...…………..especially at my age, would I knowingly and willingly violate these closely held beliefs?
Because I believe NGW is a millionaire maker stock. I believe the California market and by association, the profits to be enjoyed, eclipse those of the entire Country of Canada. Because I believe in the overall business plan of NGW. They have consistently been frugal, dare I say even stingy with their dollars, and at the same time have accomplished the near impossible.
Make no mistake, I'm no Stoner looking to take part in an investment community that fits my lifestyle. (Although I did partake enough in the late 60's and early 70's that I still might have residual traces in my system!) My interest is solely financial. It is business. And it's all about profit and loss.
In the past couple of months the markets have punished those who seemingly can't generate profits...……….and they should. Business is business. Period. But I believe with all my heart that NGW has the right formula for generating obscene profit margins and I believe that early investors will be rewarded for their confidence...………….and patience. That day is closer than ever before.
Have a good weekend everyone. Our tomorrow's have never looked brighter.
AI
