Should have known. I was this “” close to buying a few shares today.
2
Elon scares me a little. He appears relatively harmless now, but I’m afraid he may end up having a nefarious agenda like Gates.
Elon Musk and Peter Thiel are what real libertarians look like. Libertarians with enough money and the fortitude to do things which actually are beneficial when they want to do so.
I like to buy high and sell low my self.
Not really but when I say it like that it covers for my bad choices I made in Stock purchases.
Never a bad Buy, Only a Bad Sell. Not always True either.
Covid screwed me. I sold early in, before the panic, that was a good choice on every stock I had. I was pretty sure they were going to bottom out. They did. I just got in a hurry and bought back to soon. There were two waves in the drop. I purchased in between the two drops. It dropped some more, and then I was forced into a bad ride. Ended up after two years of slow steady decline, I sold everything and put everything in one basket, purchased Nvidia, it recovered enough for me, I almost broke even. Diversifying does not always work either in my opinion. The Longshot mentality in stocks only works when you have money to lose I learned.
If you only buy proven stocks, You won't get those super gains, but you also won't get the big drops, is my take on it. I dabbled about 7-8 years, when they made it possible to sign up and purchase without going thru a Licensed broker. Robinhood.
I no longer dabble, it was a definite learning experience for me though. I had to pay taxes on trades I made every year except the last two.
I could see where if a man started when he was Young and made slow steady investments, no day trading, Long term buys on well researched proven stock, you very well could have a good nest egg over time. Just have a plan to create a good tax shelter upon cashing in.
If I remember my best stocks were Apple, Microsoft, Nvidia. I hit a few day trades that were lucky along the way, thought I was getting pretty good. A real Wolf I thought.
I tried to find a Pharm stock during covid but could not find one to get on board with, seems like Big Pharm was a head of the game and had shot up before Covid, Imagine that. Probably was my Imagination, that could not have taken place, surely.
In 2007 I went to an Investor and tried to buy some Dollar General Stock, it was surging at $18 to 25 a share.
I listened unfortunately to him, I thought he was a professional. He steered me to a Money Market deal where He was the only one making money. He said General Merchandise Stocks were no good. That should have been my first clue he did not know Jack, he was a company trained robot. I should have stuck with my gut, because I had seen what Walmart Stock had done, in the 80's and 90's. or whenever it was. I have not looked lately, last time I looked DG was over $100.00. Well I took the time to look. A 50 percent decline in the past 5 years, hovering at $75.00. Dang I should have bought at $100.00 seven years ago. Check the ride from 2019 to 2024. that one stock could have made a seasoned day trader a fortune.
Hindsight is still working for me.
Got that going for me at least.
Not really but when I say it like that it covers for my bad choices I made in Stock purchases.
Never a bad Buy, Only a Bad Sell. Not always True either.
Covid screwed me. I sold early in, before the panic, that was a good choice on every stock I had. I was pretty sure they were going to bottom out. They did. I just got in a hurry and bought back to soon. There were two waves in the drop. I purchased in between the two drops. It dropped some more, and then I was forced into a bad ride. Ended up after two years of slow steady decline, I sold everything and put everything in one basket, purchased Nvidia, it recovered enough for me, I almost broke even. Diversifying does not always work either in my opinion. The Longshot mentality in stocks only works when you have money to lose I learned.
If you only buy proven stocks, You won't get those super gains, but you also won't get the big drops, is my take on it. I dabbled about 7-8 years, when they made it possible to sign up and purchase without going thru a Licensed broker. Robinhood.
I no longer dabble, it was a definite learning experience for me though. I had to pay taxes on trades I made every year except the last two.
I could see where if a man started when he was Young and made slow steady investments, no day trading, Long term buys on well researched proven stock, you very well could have a good nest egg over time. Just have a plan to create a good tax shelter upon cashing in.
If I remember my best stocks were Apple, Microsoft, Nvidia. I hit a few day trades that were lucky along the way, thought I was getting pretty good. A real Wolf I thought.
I tried to find a Pharm stock during covid but could not find one to get on board with, seems like Big Pharm was a head of the game and had shot up before Covid, Imagine that. Probably was my Imagination, that could not have taken place, surely.
In 2007 I went to an Investor and tried to buy some Dollar General Stock, it was surging at $18 to 25 a share.
I listened unfortunately to him, I thought he was a professional. He steered me to a Money Market deal where He was the only one making money. He said General Merchandise Stocks were no good. That should have been my first clue he did not know Jack, he was a company trained robot. I should have stuck with my gut, because I had seen what Walmart Stock had done, in the 80's and 90's. or whenever it was. I have not looked lately, last time I looked DG was over $100.00. Well I took the time to look. A 50 percent decline in the past 5 years, hovering at $75.00. Dang I should have bought at $100.00 seven years ago. Check the ride from 2019 to 2024. that one stock could have made a seasoned day trader a fortune.
Hindsight is still working for me.
Got that going for me at least.
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