Originally Posted by PimTac
Originally Posted by Ws6
Originally Posted by Mr Nice
Originally Posted by Ws6
I took Warren Buffet's advice. I bought a strong company that I believe is run well, has good balance sheets, projects positive cashflow for 2020 and 2021, and has good leadership.
Sounds like AMZN.
No, I ALSO bought the trend, lol! So far my $2635 has turned into $4289. In the next 1-5 years I am projecting $20-50K out of it. Not a bad investment for such a small sum of seed money! AMZN just doesn't have that much room to grow t hat fast, and I also happen to be a tiny bit impatient, wanting a pay-off/cash out in the 1-2 year range, ideally.
Classic chicken before the egg thinking.
Have you thought about taking a loan against that projection to fund a margin account? .... (That is not advice)
No, this is a intermediate timeframe strategy to turn $2625 into $15-25K at least, and if it succeeds I will be happy, and if it fails, I would bet $2625 that I'll at least get my money back. It is a cheap course in "stock marketing 101", as well as an attempt to become more world aware, and to test my mettle and ability to properly research and execute said plan.