Dave Lukas Chats with Mariusz Skonieczny
307: Go Where Others Can’t or Won’t, How to Maximize a Niche with Microcap Millionaire, Mariusz Skonieczny
This week’s Misfit Entrepreneur is Mariusz Skonieczny. Mariusz is the founder of MicroCap Explosions and the author of 11 books on the subject of investing. Mariusz has carved out a unique niche investing in microcap companies where the institutions don’t play, and the retail investors don’t focus. And it’s very lucrative. Over the course of a decade Mariusz personally turned $10k into over $7 million investing in Microcaps and now he teaches others to do what he does.
I’ve always loved exploring unique niches with the entrepreneurs that find and maximize them, and I’m excited for Mariusz to share his journey and more about the Microcap niche with you in this episode.
Mariusz Skonieczny on YouTube
Mariusz philosophy is to go where others can’t go or don’t want to go. You have to be very picky about where you are going to be competitive and look for the best place where you can have an edge. Mariusz was born in Poland and grew up there focused on sports. He came to the US in his late teens and wanted to play basketball. He was not good enough and it broke his heart. He was not competitive enough…not to mention he could hardly speak English. This experience led him to discover and look for unique niches that don’t have a lot of competition.
He gravitated toward investing. At first, he did what most people do and invested in blue chip stocks. As he found, if you do what everyone else does, it doesn’t pay that well. He then heard an interview with Warren Buffett where Warren talked about how investors need to look for unique opportunities that other investors don’t or won’t invest in and that set him on the path to do what he does now in the microcap space.
What is a microcap investment?
How do you find a microcap opportunity?
What are the criteria you look for in a microcap?
How do you predict the success and growth rate of an opportunity?
At the 17 min mark, Mariusz discussed Voxster’s business model and how he evaluated the company to invest in it.
How do you manage risk?
How do you determine value, so you don’t overpay?
How do you stay in an investment?
Anything else we should know about microcaps?
What other lessons have you learned on your entrepreneur journey?
Misfits, as entrepreneurs, we know how hard it is to be sure our next big idea will be a hit. In fact, 85% of new products fail. And a huge reason for all that failure is that it’s just too hard to validate product/market fit with consumers. Old-style market research is too slow, too complicated and too expensive for fast-moving teams trying to build something great. But what if you could test out your product ideas with target consumers, whenever you want. BEFORE you put all the time and money into development?
That’s what startups and Fortune 500 companies do with Feedback Loop. Get quality feedback from their target customers, early and often. Feedback Loop is the test-before-you-invest product research platform. It’s got expert templates for Concept Testing, User Discovery, prioritizing features on your roadmap, and a lot more. You can create your own test in minutes and get back quality insights from your target consumers in hours. How cool is that!
So, if you want your next product or feature to be a success:
Make your next product launch a success with Feedback Loop!
Misfits, you’ve heard me talk about my trading and investing many times. I’ve been in the game for almost 20 years and have taught thousands of students all over the world my strategies. One thing I have always looked for are trends that are a good opportunity for investors.
Recently, I was introduced to an opportunity that may be positioned very well for the times we are in, especially in a rising rate environment with talk of recession making stock and bond markets more volatile. In fact, after some research, I saw that the largest investment firm in the world, Blackrock, who manages almost $20 Trillion is invested in it. The company is called Goldmining Inc, ticker symbol GLDG.
GLDG operates gold mining operations throughout the world and was smart to purchase its gold resources during the recession for pennies on the dollar. In fact, the company owns the equivalent of 32 million ounces of gold at an average cost to them of $4.30 per ounce. As a comparison, similar deals at the same time were closing at an average of $50 per ounce! Now, with gold approaching all-time highs, GLDG is poised to reap the benefits.
I’ve always loved gold as a store of value and a hedge against inflation and have traded many companies like GLDG who have appreciated hundreds of percent. While no one can guarantee that will happen with GLDG and I am not giving your financial advice (you should consult with your financial adviser), I do see great opportunity for the company and the fact that Blackrock is involved tells me I am not alone. Analysts are currently saying the company is undervalued and has tremendous upside potential.
To learn more about Goldmining Inc. and stay up to date with the company’s success, go to www.GLDGnews.com and search the ticker symbol GLDG wherever stocks are found. Consult your financial adviser and check out GLDG today!