Imagine if you could have bought a loaf of bread in 1932 for 7 cents. That 7 cents would be $3.09 today would be a gain of 4,414%. Of course, you could not even freeze it that long. That is also the problem with many who sell investments. Gold was $20.67 in 1932 so that
The recent fashion for momentum investing, with investors piling into expensive growth stocks, is nothing new, says Merryn Somerset Webb. And the dangers are the same, too.
10 Best Dividend Stocks to Buy According to Billionaire Stan Druckenmiller
Stanley Freeman Druckenmiller is an American investor, hedge fund manager, and philanthropist with a long-standing career in the financial industry. He first joined the financial sector management trainee at Pittsburgh National Bank in 1977 before becoming the head of the equity research group a year later. He is also one of the leading experts to follow when looking for recommendations for the top dividend stock picks. Druckenmiller is the former chairman and president of Duquesne Capital, which he founded in 1981.
In 1986, he was named head of the Dreyfus Fund, having joined the fund as a contract consultant a year before. In 1988, he replaced Victor Niederhoffer at Quantum Fund, owned by George Soros, where he raised $260 million in 2008. In 1992, Druckenmiller and Soros made a fortune betting against British pound sterling, which crashed on “Black Wednesday.”