To reinforce Greg's advice: 11:16 AM Among the stocks making new 52 week highs as year end approaches are faithful big-caps across a number of industries: Wal-Mart (WMT), Pfizer (PFE), Verizon (VZ), and McDonald's (MCD). All yield more than the 10-year Treasury and likely have more adaptive managements than that in D.C. What's not to like?
To reinforce Greg's advice: 11:16 AM Among the stocks making new 52 week highs as year end approaches are faithful big-caps across a number of industries: Wal-Mart (WMT), Pfizer (PFE), Verizon (VZ), and McDonald's (MCD). All yield more than the 10-year Treasury and likely have more adaptive managements than that in D.C. What's not to like?
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!)....
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
Good one!
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