In the midst of a “lousy” market, my readers and I were celebrating.
While others were trying to cut their losses, we booked a major win.
- On April 17, 2018, as I prepared my inaugural edition of the letter, I bought 3,000 shares of SilverCrest Metals (SIL.V) at US$1.635.
- On October 26, I sold my shares at US$2.59.
- Including all fees and commissions, my profit was 55.4% in just six months.
This win handily beat the index most directly comparable to my portfolio, the S&P/TSX Venture Composite—which lost 19% within the same time frame.
I aim to deliver the same outperformance with all of my investments.
It won’t happen every time, but it’s started and I’m working hard to make it continue.
I hope you’ll join me to share in gains that beat the market. As the rest of the industry is struggling, I’m finding overlooked opportunities.
It has always been like this…
A Long-Term Winner
Had you put $10,000 into my ideas at the beginning of my career in 2004, you would have made $42,289 at the end of 2017.
…but an average speculator would have lost more than half of his or her capital.