Quote:
Originally Posted by CamaroMike
I think you are right Greg, there should be quite a bit of volatility this year. I didn't double up what I had earlier this week, going to wait and see how it plays out.
I have a very very small amount in my one gambling stock HEMP just to have a little fun and so far its been fun! It might crumble to nothing it might be the next big thing, nobody knows. It reminds me of your boat story Greg, I know when I sell it the price will probaly go nuts so I am holding it and waiting  |
If it's just a small amount -- I'd hold it! That is an area of great growth potential yet so much of it "depends" --- there will be many players - and it will have lumps and bumps.
There is actually a hedge fund headquartered in Seattle that was started by three big time guys that quit big jobs in the investing world to start the fund -- and it's goal is to invest in "marywanna"... I actually wrote to them to inquire about their structure and minimum investment etc. It's 100grand by the way. Not really very much - but it could be turned into millions if they invest in the right stuff.
Just a for instance on hedge funds and or angel investing. A $385K investment in a company got me 1% of all the shares outstanding. Yeah - it took about 6 years to pan out... but that company was sold in an all cash deal for 2.25 BILLION (not a typo) in 2010. Ownership of 1% of all the outstanding shares proved to be quite a nice total return. :>) Trust me when I tell you that there were several times when I figured the 385 was a big fat ZERO....
I no longer do any of that type of investing. It's a game of percentages and 90% of the time they're losses. They also take lots of input and calling people to get connections going - and it's a who knows who and on and on. Better lucky than smart... and knowing when to hang up the gloves is an important part of investing.