YOUR PORTFOLIO
A second wind
The best time to buy a stock is when it is at its lowest point , but this often coincides with the moment when sentiment is at its most negative – after all , it doesn ’ t matter how cheaply you buy something if there is a strong chance you will lose 100 % of your money .
Yet many companies once regarded as “ uninvestable ” have managed to turn themselves around and deliver outsized gains to investors with nerves of steel who bought in at their lowest point . For example , Apple was on the verge of going bankrupt in 1997 until it was saved by arch-rival Microsoft . To find out more , we spoke to three managers that have reaped the rewards of backing companies once deemed uninvestable .
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