Originally Posted by BuckeyeRed27
Information is the problem. How do you know the stock is going to go up? There are lots of stocks that have lost tons of value and haven't and may never get back to prices that they traded at at one point. Growth investing tries to do what you are talking about, but trust me it is very difficult.
There is also the enormous risk of just buying one stock and not diversifying out into several holdings.
True, I know that diversification is recommended, but at the same time it can weigh you down, right? This goes up, that goes down. But picking a stock that has a solid reputation and a solid future in terms of where the world is going, that is also on a down beat, could pay off if you're patient. That said, a) I'm young and not risk averse b) I set up a fake portfolio at google finance in 2009 when everything was down and went 9 for 10 in picking winners, so that's not likely to be as easy as it was then.