How to nail a 10 bagger
Owning a stock that rises 10-fold from your original buy price is an aspiration for most investors. The term “10 bagger” was coined to describe such stocks by American fund manager Peter Lynch in his book One Up on Wall Street. These days, a more modern term “10x” (pronounced “ten ex”) is used by big talkers in Silicon Valley. It’s the same thing, but I like the older terminology.
Owning less than a handful of 10 baggers in your lifetime can meaningfully impact your financial position. And online lottery ticket reseller Jumbo Interactive (ASX: JIN) has now become a 10 bagger for those
