Search U.S. Business and Technology News
|
|
|
|
Young Investing Phenom and Author Unlocks the Keys to the Stock Market
Published: Fri, 5 Aug 2005, 11:43 EDT
|
By Aria C. Munro
Staff Writer, Publishers Newswire
|
|
PRESS RELEASE
MADISON, Wisc. - August 5 -- College student Evan Reas, from a small town in Wisconsin has come up with an innovative investing strategy resulting in 205.1% growth in his portfolio in the past 12 months (Aug 1st, 2004-Aug 1st, 2005). Reas hopes to write a book about his strategies and how they can be applied to anybody's portfolio in any amount of time.
This stellar performance compares with the S&P 500's appreciation of 12.02% during the same timeframe. Evan Reas still cannot legally drink at just 20 years old, but has been investing since age 12 and has outperformed almost all investing experts over the past year.
The less than intimidating frame of the 5 foot 6 inch Ohio Wesleyan college junior sometimes causes him to be overlooked when he meets with other investors, but his short stature doesn't make a difference to him. "I allow my performance to speak for itself," says Reas when asked about how he responds to people that say he is too young and inexperienced. "I am not sure how many mutual fund managers can stack up to my performance, but I would guess that the number is pretty small," he continues.
When asked about his investment theories, the 20-year old cannot stay sitting while excitedly explaining his view on beating the stock market. "The theory of diversification is fine, but it will NOT maximize your portfolio's growth. Simply listening to what the market is telling you and adapting to it will produce outstanding results."
Evan has been honing his theory of "Stop Diversifying... and Start Adapting to the Stock Market" for over two years now and he feels that his research has given him an edge when it comes to investing. Amazingly, his performance has not required even close to a full time effort. "When I am not studying or working, I spend probably 3-4 hours a week on analyzing my portfolio and searching for new companies to invest in."
When asked for a few hot stock tips he answers, "I don't usually give out specific stock tips. I simply look for great companies. Even then, a great company could very well have a plummeting stock price just as a dreadful company could have skyrocketing stock. When you find a great company and wait for it to become a great stock... then and only then have you won the game."
Evan plans to continue to fine-tune his investment theories as he studies management at Oxford University next year.
"I hope to write a book about my strategies and how they can be applied to anybody's portfolio in any amount of time," he says. "Successful Investing in the stock market... or any market... must be done with a Darwinian approach. The way to the top is with constant evolution and adaptation."
Evan's long term life goals seem to be set just as high as his portfolio's growth. What are his future plans? "Simply, I intend to be one of the greatest business leaders, venture capitalists, and investors in the world."
|
|
|
|
[an error occurred while processing this directive]
|
