Wealth Daily's $50 Million Man

Exclusive interview with an investor who turned $775,000 into $50 million from one of our stock recommendations.

"You Guys Made Me $50,000,000!"

An interview with one of our most successful subscribers

For one subscriber, who we'll call John Smith (we're using an alias for reasons which will soon become clear), a subscription to one of our investment letters changed his life forever. Let's let him tell his story in his own words.

Q. When did you first subscribe to our letter?

A. Several years ago? Funny thing is I can't remember where I first heard about you guys and your newsletter. Maybe a friend, or even a broker. Anyhow, I heard this guy was pretty good so I gave it a shot. The rest, as they say, is history.

Q. Okay, what happened then?

A. Well, I began watching your recommendations and started to get real impressed. Unlike other publications I took at the time, your team had a real knack for spotting the winners. So, I decided to take a chance-I guess you might say a big chance-on one of your picks -- STOCK A. Then again, thanks to your team, I not only got in real low, I got out just at the right time, so I certainly can't have any regrets.

Q. So you got into STOCK A. At what price? How many shares?

A. I started kind of slow, but then started moving pretty aggressively into it, once you wrote that you had heard from various sources that they might be sitting on a big find. All in all, my average cost was about $2.19. By the time I was fully invested, I had 350,000 shares.

Q. So you were taking a pretty big risk. Altogether, how much did you invest?

A. I guess my total investment was about $775,000. In hindsight, it was a bit crazy putting what was something close to half my net worth into a single stock-and I'd sure as heck never do it again, but it was a leap of faith that really worked out, so I've got nothing to complain about. Unlike those other people who forgot to sell.

Q. We'll talk about the meltdown later. But what were you thinking about when it started to take off? It must have been a pretty exciting period in your life.

A. It was truly incredible. I guess my first reaction was to keep a real close eye on the stock. So I was pretty anxious to get each issue of my newsletter. One story I'll never forget. I went to bed one night with the stock trading right around $30. Before I even got out of bed the next morning, it had gone up to $48. It really struck me as pretty phenomenal at the time that I was able to make millions of dollars without even getting out of bed.

Q. And when did you sell? At what price?

A. I sold a bit at around $16 in order to take some off the table, but then hung onto the rest...you know, taking a free ride...until last fall when I closed out my position. At the end of the day, when I calculated my average price for tax purposes, I had gotten out at an average price of about $210.00.

Q. Why did you sell?

A. I guess probably the biggest single factor was your team. I had read in your newsletter that the Indonesian government was starting to mess around with the company. By the time he gave his all out sell signal, around October or November, I was ready to get out and so I did. In hindsight, it was pretty close to the top.

Q. As we agreed at the beginning of this interview, we're going to use an alias. So, tell us, how much did you actually make?

A. In the bank? A bit over $50 million.

Q. And how has that much money changed your life? What are you doing with your windfall?

A. First thing I did was sell my business so I could spend all my time managing my money. And I guess we've been living it up pretty much lately. I drive a top-of-the-line car and we're moving out of a pretty modest house onto a $10 million ranch. I've also put a lot of money back into the market, into the recommendations from your team.

Q. Thank you for your time.

A. For you, no problem.