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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

47-Year-Old Generated 7-Figure Net Worth Simply By Investing In This One Stock Since 2020

Palantir
Palantir secured multiple defence and corporate contracts in first half of 2024. (Credit: Markus Spiske/Pexels.com)

Investing in a single stock in this new decade is a risky investment strategy, given the years of market volatility. However, Étienne Breton diligently purchased shares of a single stock since the 2020 pandemic, which is today worth £1.8 million ($2.5 million). The 47-year-old tried to identify 'extraordinary companies' and narrowed it down to the Palantir (NASDAQ:PLTR) stock.

'I tried to identify very extraordinary companies. I didn't want to diversify,' Breton said. He has potentially secured his retirement by investing in the software company consistently over the years, currently owning 17,800 shares as well as another 2,000 shares on margin.

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