What is a 'Tenbagger' An investment that apprecia
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Posted On: 03/24/2018 10:10:14 AM
What is a 'Tenbagger'
An investment that appreciates to 10 times its initial purchase price. The term “tenbagger” was coined by legendary fund manager Peter Lynch in his book "One Up On Wall Street". While “tenbagger” can describe any investment that appreciates or has the potential to increase ten-fold, it is usually used to describe stocks with explosive growth prospects. Lynch coined the term because he is an avid baseball fan, and “bag” is a colloquial term for base; thus “tenbagger” represents two home runs and a double, or the stock equivalent of a hugely successful baseball play.
Just thought you might want to know what you own!!! LOL
Fusz LONGGGGGGGGGGGGGGGGG!!!
An investment that appreciates to 10 times its initial purchase price. The term “tenbagger” was coined by legendary fund manager Peter Lynch in his book "One Up On Wall Street". While “tenbagger” can describe any investment that appreciates or has the potential to increase ten-fold, it is usually used to describe stocks with explosive growth prospects. Lynch coined the term because he is an avid baseball fan, and “bag” is a colloquial term for base; thus “tenbagger” represents two home runs and a double, or the stock equivalent of a hugely successful baseball play.
Just thought you might want to know what you own!!! LOL
Fusz LONGGGGGGGGGGGGGGGGG!!!
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