Quote:
Originally Posted by NOVA
does one buy more if your already in both, what to do what to do.
TSLA at an almost all time high today, hmmm.
as everyone else has mentioned this is an interesting thread, good info.
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I forgot to respond to your question about buying more of something that you already hold. Reading this thread will explain the 5% rule. You shouldn't have more than 5% of your total investable funds in any one name. Obviously - this rule is nothing more than a guideline. If you have 10 grand invested and only have 4 names - that would put 25% into each name. When you're just beginning there's no way to keep to that 5% rule. 5% is more for once someone has 100K invested.
BTW --- My other post responding to your TESLA statement about it hitting an all time high... when I say I'm pissed off.... that DOES NOT mean at you for your post. It's a statement about investing in general. And more importantly - there is absolutely NOTHING wrong with the market going up or a stock going up! Nothing. Pull up a chart of the stock market since 1929.... UP is the general direction -- like houses - like inflation - like EVERYTHING - Gas - your electric bill. About the only thing that's gone down is Flat screen TV's and Cell phones. LOL
I've "averaged up" in many many names in the market. It just is a mental thing to buy more when stuff keeps going up. But it's doing EXACTLY what you want it to do!