August 28, 2013

How A College Student Made A Quarter Of A Million Buying Stocks

Patrick Hop is only 22 year old and he has made $250 000 for the last year from the stock market. Patrick always liked the Tesla company. He talked about it many times with his friends, saying that its business would go big. Actually everybody thought he was crazy. In spite of that, Hop managed to collect $30 000 from family savings and invested the money in common stocks of the company. He started buying when the price was $32 . Below you can see a price chart of Tesla's shares for the last year. The current price is $167 and it hasn't stopped growing. Soon, Patrick's investment there can grow even bigger (I wish him luck!)

Everybody, who has been told about Patrick's intention, advised him not to do it. He didn't listen. When the stock price reached $110, the young investor didn't close his position, instead he reinvested the money earned into call option with strike price of $130.

Hop isn't intending to cash in any time soon. His plan are to stick with his investment for at least 3-4 years.
If you are interested in investing in the stock market, you can find a great investment strategy explained here.

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