Some people make the stock market out to be a full-time job.
Wouldn’t it be nice to invest a little bit of money, forget about it, and one day wake up to over $2,000 in your pocket?
You can with this investment tidbit I’m about to give you.
With a little bit of capital upfront, this profit surge can comfortably cushion your bank account without you even having to lift a finger.
Wall Street regulars want you to think that it’s a daily effort slaving away over stock prices, earnings, and investment portfolios to turn a profit in the market.
That’s not true.
There are so many viable stocks out there that could give you a couple extra thousand dollars of spending money without much effort at all. You just have to know how to look for them.
Take Inter Parfums, Inc. (IPAR). It’s looking to make a jump in price, and while it’s at a 16-week low, no less.
This is the perfect opportunity to buy into a stock that’s gaining momentum to skyrocket and hike up your profits too.
But don’t just take my word for it. Look at the chart.
You can see that IPAR nearly bounced off its 40-week moving average (the red line) in January. It then rose 22 points in 2 months!
As you may notice, the price looks like it’s getting ready to make that kind of jump again.
And it’s no wonder why, seeing as IPAR beat its expected earnings earlier this month, with $18.9 million in profit.
They have also seen a huge boost in sales due to their outreach in both American and European luxury markets.
Perfume specialists announced that the company expects a fragrance from Jimmy Choo, famous for his handmade women’s shoes, and Coach New York in the coming year.
These big-name promotions will be sure to drive up the price of IPAR’s shares as everyone and their brother fights for a seat at the table.
So, the easiest way to make sure you’re at the head of the profit gains is to buy in at times like this.
You want low-risk buy-ins that you can just leave alone, only to return to massive gains.
Don’t let Wall Street fool you. If you bought 100 shares of IPAR at the first bounce, you would be looking at $2,195 in profit without having to obsess over your portfolio.
The next payout could be coming to you, so take advantage of this easy trick for some cold hard cash.
