It's just play money I invested.
I dont have a lot to invest.
But from what I've read when they get final approval and a buy out or partner the stock could jump from $1.50 to $10 or $20 a share.
thats my gamble.
And i like to gamble.
Stock advice
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I dont have a lot to invest.
But from what I've read when they get final approval and a buy out or partner the stock could jump from $1.50 to $10 or $20 a share.
thats my gamble.
And i like to gamble.
As long as everyone is clear; what you’re doing is gambling. It is not investing.
But, if you actually want to grow wealth, do it slowly. Steadily.
You would be very well served to read the book I mentioned a few posts ago.
But, if you actually want to grow wealth, do it slowly. Steadily.
You would be very well served to read the book I mentioned a few posts ago.
Diversification is key.
Having said this, we are in a different time with the advent of FAANGM, which accounts for more than 20% US market cap.
Having tech in your portfolio will be a wild ride. But tech is a key contributor in Mutual Funds.
While all investment is a gamble, diversification seeks to minimize risk over the long term.
Financial security beats the snot outta gambling, if ya ask me.
Oh yeah, TSLA broke $2,000 today... It will be in the S&P soon.
Good luck.
Having said this, we are in a different time with the advent of FAANGM, which accounts for more than 20% US market cap.
Having tech in your portfolio will be a wild ride. But tech is a key contributor in Mutual Funds.
While all investment is a gamble, diversification seeks to minimize risk over the long term.
Financial security beats the snot outta gambling, if ya ask me.
Oh yeah, TSLA broke $2,000 today... It will be in the S&P soon.
Good luck.
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I've learned through 20 years that I will either do low cost index fund, or only invest in the sector I know (i.e. Tech in my case) that I can see things coming before the wall street can (technically not insider trading if you are not investing in your own company or vendor / customers). So far that works out well for me. If you need help looking at a stock by asking others you are not really supposed to invest in it via word of mouth.
Also I do believe in splitting my investment into "safe retirement money", "you buy it so you can live with it real estate", "I know what I am doing better than Wall Street" strategic investment money. I will keep the safe retirement money in low cost index fund for diversity and 30 years investment horizon, my real estate in 80 years investment horizon to pass down to my children, and my strategic investment money in about 5 year horizon with no diversification what so ever, individual stock only (typically only hold 3-5 stocks at a time, for 3-5 years).
Also I do believe in splitting my investment into "safe retirement money", "you buy it so you can live with it real estate", "I know what I am doing better than Wall Street" strategic investment money. I will keep the safe retirement money in low cost index fund for diversity and 30 years investment horizon, my real estate in 80 years investment horizon to pass down to my children, and my strategic investment money in about 5 year horizon with no diversification what so ever, individual stock only (typically only hold 3-5 stocks at a time, for 3-5 years).
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It’s a shift in the paradigm. The General Electric of this era is Apple. It is all part of the shift away from manufacturing/industrial to more of a service economy.
TSLA is going to split soon. 4:1. That is long overdue.
I bought GE and sold Puts and sold Calls. I get the premiums, potential of the stock going up, and someone is paying me to buy the stock cheaper!
Love selling covered calls. You can roughly double the yield of a dividend stock or more. I sold some HEP calls for 80 cents, bought back week later for 41 cents. 39 cent gain and i can sell the option again when pricing warms up. This thing pays 35 cents a quarter right now, so i got that and the 41 cent premium spread. Write the call at your target sale price and its a win win.
Oh ya, I legit am sad I didn't get in on TSLA back in the 3-600 range, but I also am not mad at myself, as it is trading on sentiment and is vastly overvalued according to every analyst out there basically.
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I don't mean to kick you when you're down (as I've been there plenty of times) but where is the stock today? If you bought in Dec 2016 as you said, half your portfolio would be wiped out.
Speculative stock = gambling.
Don't feel bad, it could've gone either way.
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At least call it what it is. Gambling, not investing.
I hate what the average retail "investor" has done to the market. Value investing is pretty much dead.
I started buying in 2016 but have slowly averaged down to $1.06 as of today.
So I have not lost half of my investment.
The stock took a beating the last couple days based on fake news.
As of today I'm down 10.75 %.
But it's pure gamble stock and thats the way it goes.
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You're not only down 10% though because there is also an opportunity cost element to it. If it's play money then go nuts, but for a lot of people it's not, and after a certain point stops being so when they try to "win it back".
Also, just to clarify, my posts aren't meant to patronize or berate you in any way, and I hope I'm not coming off that way.
I've been a gambler my whole life starting at about 13 years old.
Cards,craps,slot machines,Dog racing,horse racing and more.
I know to never chase bad money with good money.
That's for compulsive gamblers and I've met more then a few.
I know when to pull up.
I have a couple grand of play money in this stock.
If I lost it all I would not be happy but it wouldn't change my life style at all.
That kind of gambling is chasing bad money with good money. The ones who are broke all the time are the ones who gamble. The ones who tend to have money are the ones that didn't gamble. Imagine if you had put all that money in the stock market. You need to know the difference between a zero sum game and one that is not. The type of gambling you mention is by design a zero sum game. The stock market isn't a zero sum game so it's possible for everyone to come out ahead.
After all these years, my holdings can go up or down by a few thousand or more every day, depending on the kind of day.
Curious, with this crazy election getting ready to start.....where are ya'll going to put your money until after the election? I'm talking like 401k and 529 plans. I'm thinking around October-ish....to GET OUT and sit in secure funds for a while.
It's completely crazy. The market was acting like it was going to tank when Trump was elected then flipped all the way around. Even now it's setting new highs when there's double digit unemployment. Just going to ride it out.
The call may be correct, but the real problem is how do you know when to get back into the market? I think that's the basic analysis, some people can call it and get out at the right moment, but they don't get back in at the right time so they miss the gains when it comes back. I just intend to ride it out. Been doing that for the last few decades and had some good beatings but was also in it when it came back.
I'm going invest some money in slot machines.
I can get to the casinos here in 30 minutes and thats on a winding mountain road where 35 MPH is the max.
Ka ching!!!!!!
Every person has a different investment style.
If it works for you, great. If it doesn’t work you change your game plan.
I agree with Wolf.... but Wall Street does not like _____ because he wants higher taxes and a lot more regulations for big businesses.
You get back into the market when the government pumps TRILLIONS of dollars back in to ’help’ the economy and various too big to fail companies. That’s exactly what I did with my 100% cash position in April of this year.
I did send some PM asking a few folks on BITOG their game plan last year because I felt the bull run was coming to an end and a recession was around the corner. The market simply could not keep going up and up with so much bad financial problems this country had late last year. Example: the nightly bank repos that kept growing at an alarming rate.
These folks know who they are....
If it works for you, great. If it doesn’t work you change your game plan.
I agree with Wolf.... but Wall Street does not like _____ because he wants higher taxes and a lot more regulations for big businesses.
You get back into the market when the government pumps TRILLIONS of dollars back in to ’help’ the economy and various too big to fail companies. That’s exactly what I did with my 100% cash position in April of this year.
I did send some PM asking a few folks on BITOG their game plan last year because I felt the bull run was coming to an end and a recession was around the corner. The market simply could not keep going up and up with so much bad financial problems this country had late last year. Example: the nightly bank repos that kept growing at an alarming rate.
These folks know who they are....
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