Your TFSA - Watch it Double Every Two Months

[Marty Miller]

I only wish they introduced the TFSA when I was 30 years old. But in
my fifties and with a more limited time line, I need to be more
aggressive. You heard right, aggressive!
After the recent market meltdown I have no intention of letting anyone
else manage my money, certainly not at my age. I plan on doing it all
myself. It's not rocket science as many would have you believe. It
takes focus, commitment and a strong willingness to do the serious due
diligence.
So stay with me here. Just suppose you could double your TFSA every
two months. Come on you're kidding right? No kidding, deadly serious.
Well researched stocks will identify good quality junior stocks that
have a very strong chance to double and many will do even better than
that.
Ok show me! Sure. Barely a month ago (April 2009) I was researching
OPTI Canada (symbol OPC on the TSE). It looked like a strong candidate
for a double. I bought 3,000 shares at $1.18 . Within 30 days it went
to over $4.00 so yes it was better than a double. There are plenty of
examples.
Okay then, what about an example of a stock that might still double.
Sure, no problem.
Century Mining (symbol CMM on VSE) is at .20 (May 2009) has already
proven their gold quantity through a detailed NI43-101, done in 2008.
Today they await news confirming a $65 million financing deal to
restart their very successful Quebec mine.
The US dollar is in decline, and gold is about to roar past $1,000.00
an ounce. Research says CMM is an easy double from here. Based on how
soon they'll be back to drilling, CMM is likely closer to being over a
dollar before Christmas.
So let's get back to your $5,000.00 TFSA. Or should I say your
$300,000.00 TFSA. What? Pardon me! How many years from now? How about
365 days from right now. Oh I am completely serious here. If you're
serious and committed, you can do it!
In two months, stock number one doubles, TFSA = $10,000.00 . End of
month four, our second stock doubles, TFSA = $20,000.00 . Six months
in and our third stock doubles, TFSA = $40,000.00 . It gets better,
after month eight, our forth stock doubles, TFSA = $80,000.00 . After
ten months, our fifth stock doubles, TFSA = $160,000.00 . and presto,
our sixth stock doubles to end our first year, TFSA = $360,000.00 .
Remember as aggressive as this timeline appears, you are literally
spending two full months finding and researching each stock. Thus
enough time is allowed to really learn everything there is to know
prior to investing. I mean you really want to know this stock
intimately, learn all there is to know first! Which is the way it
should always be anyway.
Now what a minute you say, would I really invest $80k or $160k in a
single stock, especially a junior stock? HELL YES!! Remember you'd
only do it after very careful research right? Absolutely right!
But just to be safe, when my TFSA balance hit $160k, I would take half
or $80k out. Remember this is a TFSA (Tax Free Savings Account) so you
can take that $80k out completely tax free! My first thought is pay
down the mortgage, a huge interest savings move. Pay off other debt,
again interest not paid and thus saved. Or pay off a child's
education, kitchen renovations, buy another house and flip it, and
always keep five or ten thousand dollars aside and really treat
yourself to something you've always wanted, after all you really
deserve it now.
Oh another point when doing your research, as great as a company's
prospects look while doing business in a foreign country, it is still
not North America, be very aware. You never know what politics are
going on there. Just look at what happened to Uranium One Inc (UUU.TO)
(May 27, 2009). Possible illegal claims being sold etc. and
shareholders may lose everything. So yes, buyer beware!
Remember Bre-X and their 200 million oz of gold claim, a complete
fraud. That is exactly why the NI43-101 exists today, to prevent fraud
and hyped up claims. When a company wants to do a NI43-101, take them
very seriously!
Here's a challenge for you. The stock is OREX Exploration, mining in
friendly Canada I might add (symbol OX on the VSE) trades at .20 (May
2009). My research shows that a 1990 report identified 1.6 to 2.4
million ounces of gold on their property. Today, with far better
technology they are doing a proper NI43-101 report to bring the
findings up to date. Fact is the land in question has also grown in
size and there is a nugget effect in play as well.
The NI43-101 report is expected anytime now. The news of that kind of
quantity gold will make it's way to even the ears of a Peter Munk.
Why? Because when millions of ounces of gold are identified, trust me,
the money people are always close to the news.
So again, would I invest $80k in a stock like the one I've just
described. Again, HELL YES! Irrational exuberance you say! Okay I
admit I might sound over confident. And you know why that is? Because
good research and thorough due diligence make the decision valid and
uncomplicated.
Go ahead, take my challenge on OREX Exploration? Do your own research.
Take your time. It's worth a look, trust me!
This is true emotionless trading, and it's the only way to serious
wealth!

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