should state have a niece who is having a graduation from grade six. yes they now have a cermoney for grade six. have a youger cousin who graduated a few years ago from high school in the US and was shocked by the size of the cermony/party/reception the three day event. only could make it for one day.
so as I was picking out a gift for the great future trader (one can dream), thought of peter Lynch and how little things you notice can tell you about the world and where it is heading.
Peter Lynch is a famous money manager who ran the magellan fund from 1977-1990 and gave the investors in the fund a return of 29.2% annualized.
the fund grew from 18 million to 18 billion, note as a fund grows often much harder to get those returns. Lynch in his book One up on Wall Street which is worth the read and you can buy cheap, bought the audio book for couple of dollars.
talks about how local knowlege can lead to investment success over wall steet. people can discover a brand before wall street does....
for instance maybe their is a small chain of restaurants that are different and popular, or a clothing store ect.
one example of many is Jones Soda, bought some back in 1996, the soda. they had a white soda that reminded me of a local pop use to drink called Snow White. that was the best pop and one of the best beverages I ever had.
now when growing up you may remember that cold bottle comiing from the coca cola freezer (had water in it and sold for $500 probably worth 5K maybe more, now, old then, bottles were on the way out) and enjoying the taste. it may not have been that great but it reminds you of a good place.
was back there years later as the store was closing owners retiring and everything was sold and bought the last few bottles for myself and a friend. he also thought is was amazing and he never grew up there...
the jones bottle was different they would put photos on the bottles from people who sent them in and they marketed themselves well, with wierd and unique flavours...
jones soda went from under a dollar in the late 1990s to almost $25 in 2007...now back to 1-1.70 not a bad ride...(did not buy the stock, as do not like soda pop in general and the Jones white soda is far sweeter and not as good as snow white.)
BACK TO THE GIFT, so decided to buy some amethyst it is my gemstone, and sooner or later buy everyone a gift of the purple stone...it is also not expensive to buy (sound cheap
)
so as I buy a gift for my niece remember was there about a decade ago. bought a round ball (golf ball size) pure amethyst...
they also had one the size of a baseball, and also turtles and owls in the two sizes...ranging in prices from 150-400.
I asked since this was not a rich area how many could they have sold, if any, she told me that they shipped most of them away to the US and Asia.
a friend quickly jumped in saying selling to the rich US market was smart...and she said they shipped over half to Asia.
where they retail price is 5-10X higher. the business to Asia was zero and then in a few years was half.
today business to Asia is close to 75%, by the way they have turtles, owls, bears, ducks, ect. might see if I can get a bull and bear, ie. stock market.
the point is that over a decade ago in the late 90s the visit to the amethyst store made me very aware of the growing wealth in Asia, and economies, and made me far more bullish on resources then I was.....as time went by put more of my money in resources because of worldwide demand....much from Asia...
so look around your neighboorhood their maybe a great stock idea, however remember to watch these stocks many are smaller and can go on a quick ride up and down...
sometimes have to get off quickly...
sorry for the novel....hope it made sense..
thanks
selkirk
so as I was picking out a gift for the great future trader (one can dream), thought of peter Lynch and how little things you notice can tell you about the world and where it is heading.
Peter Lynch is a famous money manager who ran the magellan fund from 1977-1990 and gave the investors in the fund a return of 29.2% annualized.
the fund grew from 18 million to 18 billion, note as a fund grows often much harder to get those returns. Lynch in his book One up on Wall Street which is worth the read and you can buy cheap, bought the audio book for couple of dollars.
talks about how local knowlege can lead to investment success over wall steet. people can discover a brand before wall street does....
for instance maybe their is a small chain of restaurants that are different and popular, or a clothing store ect.
one example of many is Jones Soda, bought some back in 1996, the soda. they had a white soda that reminded me of a local pop use to drink called Snow White. that was the best pop and one of the best beverages I ever had.
now when growing up you may remember that cold bottle comiing from the coca cola freezer (had water in it and sold for $500 probably worth 5K maybe more, now, old then, bottles were on the way out) and enjoying the taste. it may not have been that great but it reminds you of a good place.
was back there years later as the store was closing owners retiring and everything was sold and bought the last few bottles for myself and a friend. he also thought is was amazing and he never grew up there...
the jones bottle was different they would put photos on the bottles from people who sent them in and they marketed themselves well, with wierd and unique flavours...
jones soda went from under a dollar in the late 1990s to almost $25 in 2007...now back to 1-1.70 not a bad ride...(did not buy the stock, as do not like soda pop in general and the Jones white soda is far sweeter and not as good as snow white.)
BACK TO THE GIFT, so decided to buy some amethyst it is my gemstone, and sooner or later buy everyone a gift of the purple stone...it is also not expensive to buy (sound cheap
) so as I buy a gift for my niece remember was there about a decade ago. bought a round ball (golf ball size) pure amethyst...
they also had one the size of a baseball, and also turtles and owls in the two sizes...ranging in prices from 150-400.
I asked since this was not a rich area how many could they have sold, if any, she told me that they shipped most of them away to the US and Asia.
a friend quickly jumped in saying selling to the rich US market was smart...and she said they shipped over half to Asia.
where they retail price is 5-10X higher. the business to Asia was zero and then in a few years was half.
today business to Asia is close to 75%, by the way they have turtles, owls, bears, ducks, ect. might see if I can get a bull and bear, ie. stock market.
the point is that over a decade ago in the late 90s the visit to the amethyst store made me very aware of the growing wealth in Asia, and economies, and made me far more bullish on resources then I was.....as time went by put more of my money in resources because of worldwide demand....much from Asia...
so look around your neighboorhood their maybe a great stock idea, however remember to watch these stocks many are smaller and can go on a quick ride up and down...
sometimes have to get off quickly...
sorry for the novel....hope it made sense..
thanks
selkirk
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