Saturday, April 25, 2020

John Templeton – The Penny Stock Billionaire!

Here is the article.

In March 1939, Hitler invaded Czechoslovakia, causing the outbreak of World War II. During the war, Templeton borrowed $10,400 to setup his portfolio. Borrowing money to invest wasn’t the most prudent approach to investing but paid off handsomely in the long run. Templeton used the loan to purchase hundred shares of in 104 companies trading under $1 per share on the NYSE. By the end of the war, his portfolio was up 400%, despite 34 of the companies going bankrupt. This capital acted as a catalyst that later helped him become a billionaire!


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