How to Invest Prosperously

Amateur Investors Often Have the Advantage Over Professionals

 

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Have you ever experienced success through the stock market? Chris Camillo has and his story is shared through the article, “How One Amateur Investor Spots Stocks Before Wall Street”. Chris Camillo was just another marketing executive in Dallas in 2007. That all changed in 2007 when he invested $20,000 in the stock market. Over the next three years (which included part of the recession) that money grew into $2 million. Now Camillo is considered one of the most successful amateur investors and has been critically acclaimed for writing his book, Laughing at Wall Street: How I Beat the Pros at Investing (by Reading Tabloids, Shopping at the Mall, and Connecting on Facebook) and How You Can Too. Camillo’s story is a prime example of how anyone can be prosperous by investing.

Camillo used being an amateur as an advantage over the professionals by using his “more diversified set of friends and colleagues throughout the country that know more things than those on Wall Street”. He used people close to him to provide him with useful information about companies. For example, when his wife informed him that Target was going to do the Missoni line, he immediately went to Target to try and judge whether it was going to be successful or not. Once he realized it was a hit, he immediately invested. Within 48 hours, he had already tripled his investment.

Camillo said himself, when asked if he’s experienced failure by saying, “Yes, I still have difficulty today trading on my own information because it's hard to believe that an ordinary person can see something in their regular life that all of Wall Street hasn't picked up on yet. So some of my biggest regrets in the past have been not aggressively following my own instinct.”

Although investing may be a scary and risky process, Camillo has proved that by following the due diligence process, and a little bit of luck, anyone can invest prosperously.