How Mariusz started with 10K and became a millionaire with microcap stocks
Mariusz Skonieczny is the founder of MicroCap Explosions. He is also the author of 11 books on the subject of investing.
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Strange to categorise investing in large cap companies like Microsoft as ‘competitive’ as if it’s a zero sum game. It’s around 870%+ growth over the last 10 years and potentially safer if your micro cap picks are no good which he says 80-90% are. Feels like we’re discounting risk tolerance, time horizon, financial goals, in order to hit a jackpot. Happy for the guy and all but why talk down on long term value investing as a way to grow wealth in order to prop his method up?
Something doesn't quite add up.
Mariusz says he rode up that Oroco copper company from 80K to $7Million. His website says his investments have reached 7Million total. Which means excluding this one 100x-bagger everything else he's invested in has been a complete wash. His service costs $3K a year – just know what you're paying for and what you'll likely be getting.