Stansberry Research is a firm that offers investment services in the form of research and advice to investors who would like to be in-charge of their own investments. The main goal of the company is to provide the safest means to realize the best gains in the process.
The firm Stansberry Reasearch was established in 1999 and is based in Baltimore, Maryland. It employs about 12 or more researchers and analysts – composed financial buy-side experts and ex-managers of hedge-funds who circulate exclusive intuitions to over 350,000 different subscribers internationally.
One of the articles featured at the Stansberry Research website described the life of Shelby Davis who was said to have failed in every undertaking in his professional career.
Shelby Davis was given a good education at Lawrenceville School as well as at the Princeton College. He also took his Master’s Degree from Columbia and a Ph. D. from another prestigious school in Geneva, Switzerland. After completing his education he headed off to Wall Street, where most of the people who have a similar education end up.
Stock prices were at the all-time high during the 1920s. Davis was then working as an investment specialist for one of Wall Street’s brokering company (http://dailywealth.co/reclusive.html). Unluckily for Shelby Davis he was not able to avoid the impact of the stock decline, and suffered tremendous financial losses similar to the fate of the people within his immediate surrounds.
To survive, he took a job with a political newbie named Thomas Dewey by writing his political speeches. Unfortunately, Dewey’s bid for a political career did not manifest because he lost twice in the political race. Hence, by the age of 35 in the 40s Shelby Davis does not have any future expectations as well as any form of savings – he was totally broke.
In an unexpected turn of events in 1947, Shelby Davis purchased the allowed minimal number of insurance stocks with money borrowed from his wife’s family. Since he had no trading experience, he just held on to them and reinvested the profits he earns from time to time.
At present, his family is regarded as one of Wall Street’s top money managers. With this example, it just goes to show that patience, correct money management and right timing are the best ingredients for a successful trading career in stocks.