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Here's what is addicting.... my Schwab account is UP over 100 grand in the last two days... and I just sat here watching CNBC and blabbing on Lat G....
Now - those are "paper gains" -- but over all -- my account in that particular brokerage (I use a few) -- is UP "on paper" more than I've spent this year... That is CAPITAL GROWTH. Some days the account is DOWN -- some days up a little -- some days it's up OMG... but overall -- that "chart" I'm always referring to is low on the left and climbing to the right. Here's another little "funny". I invested in a company (start up money) 7+ years ago. Bought a bunch of shares dirt cheap -- they are not "liquid" because they're not publicly traded so it's really "dead money".... then the company went public -- and "on paper" that investment was HUGE (imagine buying at .56 a share and watching it go to $28 a share!)... then the "market" had it's hiccups -- and I watched those shares "on paper" drop to $1.70 a share.... oh the horror -- right? But I still had a 300% gain on them at that low ridiculous price! So I watched millions turn into "not much".... but I didn't spend those "paper gains" -- I didn't borrow on those "paper gains" -- and when those "paper gains" weren't so much - it was just a sigh.... Then a year or so more of time goes by and the shares are at $5 -- then $10 -- then $17... then somebody buys the company out and those paper gains are REAL MONEY paid in cash.... @ $34 per share.... My point -- it took lots of TIME (7 or 8 years!)..... and there was lots of "paper gain" (which means nada!) and there was lots of "woulda/shoulda/coulda".... but I knew the company - believed in the original investment -- so rather than selling at the bottom - I just held on.... and bingo THE LUCKIEST MAN ALIVE comes knocking... The other "point" is that you have to take the good with the bad --- the highs and lows - keep your wits about you - don't panic - UNDERSTAND what you have invested in and WHY.... (in this case it was some "gambling" money so I was okay with them being down and the investment being worth zip). Had I NOT played the game (think of an ante in a poker game - can't play if you don't ante up!) I would never have gotten the reward. And trust me - for every "winner" I can tell you about MANY losers! BUY GOOD STUFF -- DO NOT GAMBLE -- UNDERSTAND WHY YOU BUY -- GIVE IT SOME TIME (not a half hour!). I have enough NORMAL investments that I can afford to dabble in RISKY stuff.... DO NOT GO THERE because you will LOSE more than you will make. This thread is about SAVINGS and INVESTING - not gambling and getting rich quick. Please don't lose sight of that. It's also about THEORY not actual names to invest in. Do your research - KNOW WHY YOU BUY -- have the investments meet YOUR requirements - and that depends on age - knowledge of the industry your investing in - what type of account it is, i.e., is it a retirement account or an account for college for kids - or are you just wanting to play around and TRY to make some money (please don't tell me about this!).... |
Numbers like that make me giddy. :D
My shinning star of the day even after it dropped big: Oracle - 480 $12,369.60 $25.77 -$3.40 $2,789.95 +$9,579.65 +343.36% It's one of the few stocks I timed and bought right. :lol: |
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Stuff going UP always feels better than stuff going DOWN.... and for every 10 stocks invested in - 2 will be winners - 3 will be "okay" -- 2 or 3 will be even -- and 2 or 3 will SUCK! The winners will make up for the losers and the "okays" will be your real gain... Trust me folks - you will NEVER get all 10 stocks "right". But if you're in 10 stocks you'll be in the game! Good call on the Oracle. One stock I've never bought - since I live in the land that Bill Gates owns and he and Larry are mortal combatants! But it's been a great stock over a very long period of time! This brings up some RULES -- and I don't know what they are -- other than I've heard them mentioned from time to time. Something along the lines of "the stock market advances on 3 or 4 DAYS in a year - and if you're not in the market on those days - your annual gains will be next to nothing". Don't quote me on the number of days etc - but it's a very small number of days that the market move up BIG... and those days - are to me - the days that remind you why you are in the market (and not OUT of the market). Those days WILL come the week right after you sell.... and you just watch them slip through your fingers.... Trust me - I've experienced that pain. |
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Back to a positive: Do you have any PCL? |
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I can't wear Nike either... for the very reason you point out. Well -- that and my buddy is the CEO of Brooks... Nope -- no Plumb Creek. :cheers: |
Been looking at some stocks this last week...correct me if I'm wrong Greg...but wouldn't it be a good time to by Coke?
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Depends on why you're buying it.
I own Coke (KO) for "stability" in the account... sort of a ying/yang thing -- which is the way I run my accounts. It counters the HYG and JNK and NLY I own - and I own A LOT of them... so I balance that with Johnson and Johnson (JNJ) and Coke (KO) etc. Remember -- everything in investing needs to suit the account owner. What I do is not suitable for someone else. I LIVE off my yield - not my TOTAL yield... so I'm not looking for growth (per se). I already have "enough". I don't reinvest the dividends -- I SPEND 'em! :yes: So a couple points here.... Coke is slow steady growth (42% over 10 years) and pays a smallish dividend (2.7%) so to me - it's more like a BOND - I'm not going to double my money in 3 years BUT it won't go down much either. Thus the "steady" statement. If a guy drinks PEPSI -- it's the same story with a slightly higher dividend. SO if you want stability - and get paid to wait - and sleep well at night - then choose one of these for those reasons. Counter that steady eddie with something and you have a higher yield and a bit faster growth in capital... it's all about balance - not getting greedy - and being happy with what you own. |
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I forgot to make the second 'point'....
You asked "isn't it a good time to buy...." I don't "time" the market. I just pick the names I want to be in - get my reasoning hat on - and take the plunge. I can never figure out when is a good or bad time. Personally = since I buy much larger positions than any of you are going to do - I do things a bit different in that I scale in and scale out of stuff. But you can't really scale in and out if you're buying 100 or 200 or 50 shares. If you're buying 1000 shares or 10,000 shares - then you can take a bite of 50% of the buy and then another quarter and so on - same on the sale side. So pull up that LONG TERM chart -- and you tell me when you would have gotten "in".... I can see in retrospect/hindsight when it was the right time - but danged if I can tell you in the future when it's coming! :lol: So this brings up the scaling in thing just for a little "class time here". Lets say I want to own 10,000 dollars worth of a stock. I usually have been watching it for awhile (months sometimes in my case) and I am aware of where it's been trading... let's say $50 ish.... so I take down $5,000 worth. AS USUALLY HAPPENS it will GO DOWN 5 seconds after I get into it... it doesn't matter what IT is.... I will check the news on that stock to see WHY it went down - I will research it a bit - I will look at that chart again - short and long term to remind myself WHY I BOUGHT - and if it was down "with the market" and there is nothing BAD news wise - I might take down another $2500. Think about this as a "sale". You'd be all over sale in the store for Levis! You know they cost 25 a pair and suddenly they're 20 a pair... so buy an extra one! You'd love it! AND THE PLUS HERE IS -- If I bought 100 shares at 100 dollars - at 10% dividend yield.... and bought 50 more at 95 I now own 150 shares at an average cost of 98 and the yield went UP just a smidgen... if it goes down to 90 I buy MORE... and sometimes when it does that I'll double up (or as they call it - double down)... I might buy 150 shares which is double what I already had ----------- NOW ------- I have plenty of cash on the side lines --- and I've been doing this for a very very long time ---- I'm just explaining this for guys that are getting started and want to learn a bit...... What I've done is to bring my position down CLOSER to where it's currently trading. And when (and IF) it goes back - then I scale out of that and get the position back down to the DOLLARS that I wanted to originally have in it. This gets complicated with TAXES and the FIFO rules --- FIRST IN FIRST OUT.... so the first SALES are going to be of the shares that I paid 100 for! So I don't want to be selling those at 90 for a loss --- I'm going to sit on this position (remember I'm also getting that wonderful dividend!) and when they're back to 97 or 98 or 99 --- I start getting out. I will have a SMALL loss --- but I will be left holding the cheaper shares! Thus I'll have a very nice gain in those! Hope I made sense! It was a bit of a rambling reply. :cheers: |
Thanks Greg. The reason I brought up Coke was that it seems to be down as of late. I had just read an article about Coke stock and how it's a good investment for retirement. They suggested buying in at anything under $70 a share, which right now it's way under that.
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Greg,
This post to me is one of the most useful---not always looking at the stock that turns down as a loss if you manage your buys and sells smartly over the long term. Also the FIFO information is again very simple but a very good reminder. Thanks for all your "education". Wes |
BRK/ B stock is a good long term, I've got faith in Berkshire. There in it for the long haul...They like Coke also among others. Like what has been said getting in is timing that cant always be seen or when to get out.
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Can you tell I love this stuff?? |
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My only problem with Berkshire -- what happens the day you wake up and the headline is WARREN BUFFET DIES Not saying what that's going to look like - but it scares me to think that many people are invested "with him" - and not really in what they own. So I can own Coke on my own - without taking on the WB risk premium.... Sorry - that's just the way I think. |
In hopes of setting the hook to get you guys started --- here's a snap shot of the DIVIDENDS I have been paid since July in just one of my accounts (and not trying to brag here or anything like that!) I'm just trying to show you REAL MONEY PAID == and all taxed at a maximum of 15%!
GET STARTED DANG IT!!! Date Action Qty Symbol Description Price Amount Fees & Comm Specified Transactions 12/15/2011 MCD MC DONALDS CORP type: QUALIFIED DIV $2,100.00 12/15/2011 ED CONSOLIDATED EDISON INC type: QUALIFIED DIV $3,000.00 12/15/2011 KO COCA COLA COMPANY type: QUALIFIED DIV $940.00 12/13/2011 JNJ JOHNSON & JOHNSON type: QUALIFIED DIV $1,425.00 12/09/2011 JNK SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF type: ORD DIV - CASH $1,230.37 12/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP type: ORD DIV - CASH $1,921.54 12/07/2011 PFF ISHARES S&P U S PFD FUNDS&P U S PFD STK INDEX FD type: ORD DIV - CASH $1,077.79 12/02/2011 SBUX STARBUCKS CORP type: QUALIFIED DIV $510.00 12/01/2011 JPM+I JPMORGAN CHASE 8.625%PFDDEP SHS REPSTG 1/400 NON type: QUALIFIED DIV $4,042.97 11/29/2011 INTEREST 10/28THRU 11/28 type: MARGIN INTEREST -$329.18 11/29/2011 SCHWAB1 INT 10/28-11/28 type: INTEREST $1.84 11/15/2011 NNN NATIONAL RETAIL PPTYS REIT type: ORD DIV - CASH $1,347.50 11/15/2011 KRB+E M B N A CAPITAL 8.10%33TOPRS DUE 02/15/33 type: CREDIT INT $2,531.25 11/15/2011 KRB+E M B N A CAPITAL 8.10%33TOPRS DUE 02/15/33 type: CREDIT INT $1,012.50 11/14/2011 KMP KINDER MORGAN ENERGY LP UNIT LTD PARTNERSHIP INT type: ORD DIV - CASH $4,640.00 11/14/2011 EEP ENBRIDGE ENERGY PTNRS LP type: ORD DIV - CASH $5,325.00 11/09/2011 JNK SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF type: ORD DIV - CASH $958.28 11/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP type: ORD DIV - CASH $1,841.88 11/07/2011 PFF ISHARES S&P U S PFD FUNDS&P U S PFD STK INDEX FD type: ORD DIV - CASH $1,232.43 11/01/2011 T A T & T INC NEW type: QUALIFIED DIV $2,580.00 10/28/2011 SCHWAB1 INT 09/29-10/27 type: INTEREST $2.44 10/27/2011 NLY ANNALY CAPITAL MGMT REIT type: ORD DIV - CASH $6,000.00 10/17/2011 USB+L US BANCORP 7.875% PFD DEP SHS REP 1/1000 PFD D type: QUALIFIED DIV $3,521.91 10/11/2011 JNK SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF type: ORD DIV - CASH $934.30 10/11/2011 PM PHILIP MORRIS INTL INC type: QUALIFIED DIV $1,925.00 10/11/2011 MO ALTRIA GROUP INC type: QUALIFIED DIV $4,100.00 10/07/2011 MRK MERCK & CO INC NEW type: QUALIFIED DIV $1,710.00 10/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP type: ORD DIV - CASH $1,883.93 10/07/2011 PFF ISHARES S&P U S PFD FUNDS&P U S PFD STK INDEX FD type: ORD DIV - CASH $1,206.47 10/04/2011 KMB KIMBERLY-CLARK CORP type: QUALIFIED DIV $1,400.00 10/03/2011 as of 10/01/2011 KO COCA COLA COMPANY type: QUALIFIED DIV $940.00 09/29/2011 SCHWAB1 INT 08/30-09/28 type: INTEREST $2.15 09/28/2011 GEA GEN ELEC CAP 6.625%32PINES DUE 06/28/32 type: CREDIT INT $2,484.38 09/23/2011 BAC BANK OF AMERICA CORP type: QUALIFIED DIV $50.00 09/16/2011 MCD MC DONALDS CORP type: QUALIFIED DIV $1,220.00 09/15/2011 ED CONSOLIDATED EDISON INC type: QUALIFIED DIV $3,000.00 09/13/2011 JNJ JOHNSON & JOHNSON type: QUALIFIED DIV $1,425.00 09/12/2011 JNK SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF type: ORD DIV - CASH $505.72 09/08/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP type: ORD DIV - CASH $1,971.75 09/08/2011 PFF ISHARES S&P U S PFD FUNDS&P U S PFD STK INDEX FD type: ORD DIV - CASH $1,243.93 09/01/2011 JPM+I JPMORGAN CHASE 8.625%PFDDEP SHS REPSTG 1/400 NON type: QUALIFIED DIV $2,964.84 08/30/2011 SCHWAB1 INT 07/28-08/29 type: INTEREST $3.76 08/15/2011 NNN NATIONAL RETAIL PPTYS REIT type: ORD DIV - CASH $1,347.50 08/15/2011 KRB+E M B N A CAPITAL 8.10%33TOPRS DUE 02/15/33 type: CREDIT INT $2,025.00 08/12/2011 KMP KINDER MORGAN ENERGY LP UNIT LTD PARTNERSHIP INT type: ORD DIV - CASH $3,450.00 08/12/2011 EEP ENBRIDGE ENERGY PTNRS LP type: ORD DIV - CASH $3,195.00 08/05/2011 PFF ISHARES S&P U S PFD FUNDS&P U S PFD STK INDEX FD type: ORD DIV - CASH $636.99 08/01/2011 VZ VERIZON COMMUNICATIONS type: QUALIFIED DIV $2,925.00 08/01/2011 T A T & T INC NEW type: QUALIFIED DIV $2,580.00 07/28/2011 NLY ANNALY CAPITAL MGMT REIT type: ORD DIV - CASH $6,500.00 |
With the exception of Todds (Payback) post/view count and Jasons (War) one man show on fabrication, this is the best thread on Lat-g right now.
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My thread is a painful reminder of what not to do financially. :unibrow:
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This thread has definitely lit a fire under my ass. I've had an interest in handling my own investments/retirement after checking on my 401k about 4 years ago and seeing that it took a 50% loss. I've read a few books and have talked to some "professionals" (I use that term loosely because I really didn't feel as if I gained much by talking to them) and not one has broken it down into something I can relate to or truly understand. Greg, I feel that your explanations have helped me too really see the BIG picture and understand in the simplest form where I need to start and what I have to do to get going. THANK YOU.
And to the other contributing members, your information has also helped me to realize that there are other areas that are worth considering if stocks aren't your cup of tea. 2011 was an eye opening year for me after losing my house. Although I have never lived above my means I feel I can definitely downsize even more and get back on track and make 2012 a positive year both financially and personally. Truly a must read thread for anyone looking to step up their financial game. :thumbsup: |
Those DIVIDENDS in a "normal" account - should have been reinvested right back into the stocks that paid them AUTOMATICALLY --- I cash my checks.... so get the real money credited into my account.
One of the things I did with some "recent" (like January 2011) new money was I set up a single account with some of it - rather than "commingle" it with old money. That way I could track how it was growing and I could look at the dividends in it. Two ways to gauge my "investment". I looked at this account today in order to copy and paste those dividends I posted earlier. AND HERE'S THE KICKER.... not only have I gotten those DIVIDENDS -- the account is UP 4% in capital growth(paper gains - not real gains). |
x2 best thread on the forum!!!! great tangible information.
thanks!!!! |
This stuff is no different that watching someone build a car -- you learn "something" from all of these great builds -- I'm just trying to get you all to start building your FUTURES.
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Not a bad allowance there Greg.
I echo some others when I say you have inspired me to look at my 401k. I have to admit I just put the money in and expect it to be "managed". And thought that was enough. You really took away a lot of the mystique that has intimidated me. Thanks. |
Greg, I'm reall liking your way more and more, not that I ever disliked it. One thing that comes to mind is these investing "professionals" who will claim to know what to put you in. I experienced this when my wife didn't want to have anything to do with her retirement plan and just wanted someone to do it for her and she didn't want to listen to me. She had an Edward Jones guy come over and give us his pitch. He has all these load (high sales charge) mutual funds for her and I had my Money magazine list of low cost above average performing funds. Basically, he was pushing funds that he got a commision on because after all this is what he does for a living. The Money list has some really good funds on it, if you're into them, and it's relatively unbiased and the criteria for them to make the list is fundamentally sound.
These professionals don't really know anything you can't learn by doing what Greg is saying and it really comes down to do whether you think they can predict the future any better than you can yourself? |
Soon, I intend to start moving some of my money into a Schawb account(I like their website best, it's easy to find info) and I intend on posting all the details. I consider myself a normal person of normal means and want to take this to the next step and put Greg's advice into action. I'll most likely choose four stocks at most likely $1000 each. From there I'll post up how things are going. Updates won't happen quickly, maybe once a year.
All I want to do is show people what they can do themselves just as Greg has though I'm starting from scratch with the investing portion. I enjoy this stuff a great deal but I didn't know where to turn which is why I started this thread. I never expected Greg or anyone to step up the way he has with information. I was expecting to be pointed towards websites and literature and told to go read. I can see myself maybe taking a second career as a fee only financial planner in a couple decades. Obviously, I would need a lot more education myself before I did something like that but I like helping people live better. I just believe people waste so much money and they could live so much more easily and happily by doing simple things. I've given advice to my friends to help them get their finances under control to help them live better. It's methods that I used myself to keep myself out of debt while through college and my 20s. It was simple and very basic stuff like stop buying a damn 20oz coke everyday. However, it worked and I was proof of it since I walked away without debt. I figured I'd extend the courtesy to you guys since I started this post and show what I'm doing and how it's working for me. Any one else that cares to join me is more than welcome. We'll call it the Investment Club. Who wants to play Judd Nelson's character, lol? |
Great WSSix....
Just don't share it when you're going DOWN!! LOL Like I've said before - we share all manor of info on cars - motors - tire sizes - offsets.... so this is just one more item we can discuss... and is actually far more helpful! |
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Dude -- you haven't even scratched the surface.... But that is NOT the point - I just wanted to show some real figures because I thought that might get some folks motivated to start putting more away and not be so frightened of the ups and downs of the market (the old - get paid to wait statement) -- and to show living PROOF of what DIVIDENDS start to look like! |
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Again, thanks for the inspirational share Greg :thumbsup: |
Oh no, I'll show when I'm going down as well. I'm in this for long term gains. I'm not educated enough to try any get rich quick schemes other than work hard and watch how I spend my money.
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Sorry --- I couldn't! GD 1%'r :D |
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....everytime I check this thread it has 30 new posts! All good stuff...:thumbsup:
Makes me want to vomit when I think of the three years I spent "daytrading"....my hair turned white, I had massive heart burn AND I got my ass handed to me. What a waste of time...I got REALLY good at fractions though..:lol: Greg.....big thanks to you for sharing your wealth of knowledge on this subject!! I need to find my password for my online account and look at some good names for long term holds, thanks for lighting a fire under my backside.....:yes: |
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Edward Jones is one of THE WORST "investment houses" in the ENTIRE UNIVERSE.... you hit the nail right on the head -- these basterds only buy front end loaded funds! Their commissions are like 5% UP FRONT -- but you never see that on a statement -- you have to do the math to figure out they screwed you... and they buy "mutual funds" that are hard to find and figure out what the f is in them... and then you check the "EXPENSE RATIO" of the fund and find out it's 1 1/2%.... so by the time you pay these AHoles 5% up front - and then pay the fund management another 1 and a half percent - and the "fund" has a 1.25% "dividend" --- do the math --- YOU'RE GOING BACKWARDS with inflation factored in! I so hate those kind of people! They've ruined more retirement funds than the law should allow! I just looked at someone else's "professionally managed" funds.... every one of them was a front end loaded mutual fund... OMG -- I just want to go postal on those kinds of firms! FOLKS -- there is NO REASON WHATSOEVER to invest with an Edwards Jones or any outfit like that! Investing is so easy a caveman can do it! Just buy big good companies that have paid an increasing dividend over a long period of time... and with charts that go from low to high over a long period of time. If you know the name - look 'em up! Check 'em out! This ain't rocket science! Pick a drug company - go to your medicine cabinet and see who makes the stuff -- then go to Google or Yahoo Finance - - and search the name -- the go to your food cupboard - gather some food names - go look 'em up and do some comparisons -- then drive down the street around town -- what's the biggest retailers -- write 'em down and look 'em up... If you did that -- you'd own FOOD -- RETAIL -- PHARMACEUTICALS - GAS and OIL - so if you owned 5 stocks you'd already start to be DIVERSIFIED! THE key to this is to own what known as "BEST OF CLASS".... so when the name surfaces -- now start to compare this against other names you know in the same "industry"... so if you're thinking "retailers" -- then compare COSTCO - WALMART - TARGET - HOME DEPOT - LOWES etc.... if it's "drugs"/pharmaceuticals -- then look at MERCK - PFIZER - JOHNSTON and JOHNSON (not really a drug company).... If you need Food -- there's a ton of great names - just open your cupboard or refrigerator... OR -- If you poke around in a Schwab account -- there is a RESEARCH function and you can use it to search for all the companies in an industry/sector.... and then you can sort 'em by their size - or by their growth over a period - or by the dividend they pay. Does this take some work? Yeah.... but isn't it worth it? It takes some work to build a car too... When you find some names that look good to you in your research --- WRITE THEM DOWN -- and Write WHY you like them -- and what they look like on paper i.e., Growth % over 5 or 10 years -- dividend payment - the sector they're in (retail - gas - manufacturing etc) so you can then not overlap. Get two or three names in each sector and then go back and compare them. I like Coke - I don't drink Pepsi - they're so similar on "paper" that I just prefer to own Coke. It's as simple as that. I use AT&T -- I used to own AT&T and VERIZON -- but I wanted more diversification - and I wanted a bigger position in another couple of companies so I sold the VZ and bought MORE AT&T and another couple of stocks in different sectors. I own TWO "terbacky" stocks -- PM and MO -- I HATE smoking -- it kills people -- but as long as people want to smoke - and the companies pay great dividends and have great growth -- I'm going to own 'em. It's kinda like "guns don't kill people - people kill people" - kinda the same with smoking... :unibrow: People are going to use -- food - drugs - smoke - buy gas - and talk on their cell phones... So I'm going to own the BEST OF THESE COMPANIES in these sectors... as long as they meet the other 'requirements' -- capital growth and dividend payers... and have that nice sweet chart. :woot: |
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Welcome!! I used to day trade BUT -- HUGE BUTT -- I NEVER EVER day traded with my "regular funds" -- I only traded a separate account that if it went to zero wouldn't have been anything to me. BIG DIFFERENCE from that and what many people are doing! I think I mentioned it in one of these posts.... It was fun - it was 'easy' - and I was good at it. BUT it was also during a record breaking BULL market. Anybody could do it. Just like the first guys that started flipping houses... it was so easy they made TV shows about it... but day traders and house flippers - usually lose in the end. It only takes a couple bad deals and, bang, you're out. ME -- I'd prefer to stay in the game and win long term. What kills me is that the names I traded in - had I just bought and held - would have made me SO MUCH MORE! OMG -- as in 10's of millions MORE. Thank god I came to my senses! I have a very long list of woulda/shoulda/couldas.... Just a funny story -- because we need to keep all of this fun - even if it's at my own expense.... I'm really conservative - as in really when it comes to financial stuff. We owned a LOT of Microsoft stock back in the mid 90's.... and we wanted to buy a boat. SO -- I sold enough stock to pay cash for it. Okay -- we're talking "Yacht" to most here - but I always just called it "the boat".... by the time I paid the taxes - paid for the "options" price on the shares and got enough to pay for the boat - I'd sold over a million bucks worth.... SIX MONTHS LATER - the stock splits 2 for 1 -- and in another 6 months it splits 2:1 again - and a year later splits 2 for 1 again! I figure I paid around 20 million for "the boat"... it was the smallest 20 million dollar boat in the history of the UNIVERSE (thanks AL!). BUT Hindsight is 20/20 and at the time -- there was no f'n way I was going to borrow money to buy a boat! What if the whole world fell apart?!?! At least I'd go down not owing anyone for anything! That is just the way I roll.... but man I wish I hadn't done that! |
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This thread is truly a priceless lesson in life! |
Hey Greg- I have a story as well... I sold some of my apple options back in 2002 to help pay for my wedding/honeymoon/house down payment. The shares were trading for a split adjusted ~$7.40, we now trade close to $400. I don't refer to her as an anchor. :_paranoid But man do I wish I had hindsight!
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I love the idea of starting a kind of investment club where we share ideas and stock picks. Think we could buy enough of a stock to force the price up? :lateral:
One I thought of but didn't buy was Ford in 2008-09 when it was like at $2. It was pretty clear they weren't headed for bankruptcy or a bail-out and if you look at it's chart it went to like $18 or so in 2 years, 'bout 450% annual return but there's that hindsight again. Where's that opportunity out there now? Greg, you da man, c'mon now |
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