Financially Free Podcast Ney Torres

In this episode we talk about the hustle and years of hard work that Mariusz had to go though as he is facing an amazing return on investment in his stocks now.
Mariusz is up 5000% and I think this investment will eventually get him to 400X (40000%). In an industry where 10% a year is outstanding result. 
This is a story you cant miss
 
 
36) Hustling to 5000% return on investment with Mariusz Skonieczny
Transcription by Arianne Elnar
 
Ney Torres: [00:00:00] Now, let me tell you my side of the story very quickly. Before we start talking about your story. I think… I don't remember if I texted you or Adam from Oroco and Im like “by the way, if you ever do another placement (raising money), please do let me know” and then it was like “we're in the middle of one right now”, and I'm in the middle of Netherlands. And now, I have to take a plane to Ecuador, raise the money and that takes me like two weeks. The moment I want to send the money, my bank account in the United States says you have to be present because of the amount and we're blocking the account until the come and that moment I had to take an airplane and figure out how to get a covid-test again… So in three weeks I was in three continents.
Mariusz Skonieczny: [00:00:54] It's funny. Hey, I guess it was worth it
Ney Torres: [00:00:57] it was worth it. And let's talk about what happened. There was a private placement in Oroco (OCO). That's a company we'd covered… I think in April in this podcast and please tell me the story because now the title of that episode is how you made a hundred bagger or 10000% and now that's turning into 40000%.
Mariusz Skonieczny: [00:01:22] Well, look, it's approaching 400X from the point where I started investing and that's because of Oroco and well, not because of Oroco but I started literally January 1st, 2009. So, that was like the best time to start. So, I had very good, very, very good three years, 2009 was fantastic. 2010 was good. 2011 was good and then from 2012 to 2017, it was just absolutely horrible. I mean, I couldn't get anything right these five years and that's because a lot of my investments were in mining gold, and silver. And as I said before, many times, I mean, these guys are professional fuck-ups. I mean, I have never seen people so incompetent and just playing stupid as they are in this industry. But because of this industry, that's how I found Oroco because if it wasn't for their stupidity, I would have never found Oroco and then when I found Oroco in 2017 that just gave me new life, a new lease on life. And since then, I mean, Oroco is up like, okay, I bought it. I think I put like 60 grands into it at 4 cents. So, I bought like 1,445,000 shares. So, yesterday or two days ago, the stock hit like $2. So, you do the math. That position alone went from like 60 grands to $3 million. So, that's really where you're 300X comes from because I started with $10,000 in 2009. And here this position alone is like $3 million and that doesn't count my other positions. So, really the math is simple. It's nothing really complicated just a huge win and that can happen in investing. I mean, one or two big wins can make your life, make your career. And that's really what happened with Oroco for me.
Ney Torres: [00:03:39] It's amazing. First of all… there's still a lot of appreciation to come yet. Before you tell me the story, what are you going to do next? Are you going to just keep going into stocks? Are you going to retire? What are you going to do?
Mariusz Skonieczny: [00:03:59] No. I mean, I enjoy investing. I'm going to just keep doing this but it's still I'm not exiting the position yet. And actually, since I bought the position, you can trade in and out of it a little bit and maybe I took a little bit of money off after I replaced some of the position with the private placement. So, now I have a situation where I have some shares that are restricted in private placements on some shares a

A beginner trader on her journey of self-discovery, spiritual awakening, and she might just pick up "financial freedom" along the way
 

David Flood from elementaryvalue.com and Jan Svenda https://jansvenda.com/ took the time to check 7000 of small, obscure stocks. That´s exactly what I think a young Warren Buffett would do, if he had to start again from 0.
Lucky for you, they tell us what they found in this search of years, just wait to hear this story. 
In the interview, Adam Smith asked Warren about the advice that he would give to a younger Warren Buffett if he entered the markets today. This is what Warren replied:
Adam Smith: If a younger Warren Buffett were coming into the investment field today, what areas would you tell him to point himself in?
Warren Buffett: Well, if he were doing – if he were coming in and working with small sums of capital I’d tell him to do exactly what I did 40-odd years ago, which is to learn about every company in the United States that has publicly traded securities and that bank of knowledge will do him or her terrific good over time.
Smith: But there’s 27,000 public companies.
Buffett: Well, start with the A’s.

The most sold author on investing in gold and silver Mike Maloney, and I have a conversation on why I think Warren Buffett is probably wrong about Bitcoin.
 

Ney Torres is turning 37, here is Chuck Norris wishing him a happy birthday

Quick interview with Evan about how your investment style changes as you invest other people´s money.