Quote:
Originally Posted by ErikLS2
Greg,
I've been thinking about Coinstar and wondering what you like about them? There's a lot more to them potentially than RedBox (which will be going away eventually) and change counting machines. The question for me is can they capitalize on all this growth in other types of kiosks I seem to be noticing all over the place.
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One word -- GROWTH
The founder of Coinstar is a family I know locally and used to do a ton of business with. Smart guys... and smart enough strategically to figure out how to leverage their footprint for expansion. Also the new LLC formed with Verizon to stream video should translate straight to the bottom line.
Just a hunch and worth poking a toe in the water. Just taking a bit of a flyer on this one.
While I preach DIVIDEND DIVIDEND DIVIDEND here... And have stuck to writing this thread for newbs or recently converted "investors". So what I do personally is a bit divergent from here and I hate to get into more complicated strategies and "gambling" discussions here. I can afford to dabble in stuff that has a LOT more risk in it even though I do so in a very minor way as a percentage of investible assets. Which is the way these kinds of things should be done.
So if someone was buying all the "normal" stuff -- and then wants to take a stab at something they just have a gut feeling/good feeling for... keep it REALLY low $$ wise. That way when they go south (which most do) it's a real ho hummer. If things go your way -- then if you care to -- you scale in on the way up. But often new companies - and new strategies can get HAMMERED in one hiccup of a quarter - or a new competitor emerges - or the strategy you thought was golden turns in to a dud.
The way to go broke - or get very discouraged with investing - is to go swinging for the fences. Everyone wants to be the first guy on the block to have bet big on the Google or Apple of tomorrow... but trust me... that is a real quick way to sink the boat. That's GREEDY... and foolhardy, and you'll deserve what you end up with. It's hard enough to make money and hold on to it without tripping yourself up.
Again -- I'm not writing these statements directly to the post with the question - but I'm writing to all that will read the question and the reply. So "YOU" is not "you" but anyone reading.
Personally I don't think I'd be doing speculative investing (gambling) until the portfolio was in the half a million dollar range -- and then the gambling portion might be limited to a couple $25K names. It's kinda like building a house -- you want a great foundation before you put up the walls.