Investing 102

[GregWeld]

Originally Posted by GregWeld

RE: Picking up "flyers" --- I bought 5000 shares of GOOSE (GOOS) this morning. We'll see if it's IPO can hold on to the gains. Sometime you MUST buy these kinds of stocks because they can be spectacular --- or they can ruin your return.... LOL

I should have put in the "newbie" asterisk -- that taking fliers on IPO's is for idiots and gamblers..... NORMALLY I'd advise you to wait for 1 or 2 quarters of reporting earnings before I'd step in front of the train. But I can afford to take these teeny fliers once in awhile. Sometimes they work - most times they don't.

[im4u2nvss]

Originally Posted by GregWeld

Sometimes they work - most times they don't.

So true. I picked up some SNAP last week at $19.10 then bailed out this morning. For some reason I don't feel very good on short term "risky" investments. I am going to stick to the Greg Weld dividend method moving forward.

[preston]

Quote:
Originally Posted by SSLance View Post
**raises hand**

I haven't made a trade in a long time other than just reinvesting dividends and I'm not worried or itchy about anything...not even the Target my wife owns that has taking a beating lately.



Oh we all have "those"....... but the way I look at things -- I see ALL of my net worth as a giant collection of "stuff". Some of the stuff works some of the time and some of the stuff sucks.... but in the end -- is my overall net worth rising or falling. I just have to hit about 5 or 6 out of 10 to cover my mistakes (most of the time).
__________________

There is a poster over on Seeking Alpha whose handle is "BuyAndHold". He claims to have never sold a stock. Of course he is not running around buying small caps either but doing due diligence and buying the same types of companies Weld approves of for 101. Said sure he's had a few stocks go to zero over the years but his winners always beat his losers. So many stories of people who sold only to see the stock go up later. They say the hardest decision isn't when to buy its when to sell. Well he has that one figured out I guess !
else.

[Vegas69]

Sold all my UP positions at a profit of 13.62% thanks to the wisdom of Mr. Greg Weld. I'm using the money to build my house. I kept the two down positions as I won't lose money if I can help it. They are both solid long term positions so I'll wait.

If it wasn't for the house, I would've stayed in long term. I hope to be in position to invest in the next cycle.

[AMSOILGUY]

Since we're on the topic of buying and selling has anybody been buying weed stocks? Weld you have mentioned to invest in what you are aware of. What companies were behind your treatment? I've been buying some, I'm not going to miss out on this if it continues which I think it will. I did a lot of research before buying and now I hope I'm right

[AMSOILGUY]

Whether it's right or not I did the shotgun approach and bought 4 different companies. 1 in Canada.

[GregWeld]

I doubt anyone reading this thread is in this situation -- but if they/you are.... they/you only have yourself to blame. Saving and investing is a discipline... if you have no discipline... Well.... good luck 'cause you're going to need it.




62% of Americans have less than $1,000 in a savings account. Even at higher income levels of between $100,000 and $149,999, 44% had less than $1,000.


66 million Americans have zero dollars saved in an emergency fund. 47% of Americans could not afford an emergency expense of $400.


43% of working-age families have no retirement savings at all. The median working-age couple has saved only $5,000 for retirement. 70% of couples have less than $50,000 saved.


65% of credit card users carry a balance (don’t pay off their bill every month), paying an average interest rate of over 15%. The average credit card debt for households that carry a balance is $16,048.

[DBasher]

Originally Posted by AMSOILGUY

Since we're on the topic of buying and selling has anybody been buying weed stocks? Weld you have mentioned to invest in what you are aware of. What companies were behind your treatment? I've been buying some, I'm not going to miss out on this if it continues which I think it will. I did a lot of research before buying and now I hope I'm right

I don't know about the long term with the industry, I think it's moving so quick it's hard to say how it's going to shake out. In the Seattle area, quick money opportunities are around. Short term loans-12/24 months at 10-15% are usually paid back within 6 months...the relationship is made and the deals continue on the next build. These loans are mainly on the mechanical systems for the grow side of things.

It's crazy, it seems they can't grow it fast enough!

[GregWeld]

Originally Posted by AMSOILGUY

Since we're on the topic of buying and selling has anybody been buying weed stocks? Weld you have mentioned to invest in what you are aware of. What companies were behind your treatment? I've been buying some, I'm not going to miss out on this if it continues which I think it will. I did a lot of research before buying and now I hope I'm right

This is a fantastic question with so many answers and probably none of them right.

My personal take on it ----- some people are going to pick the right one ---- most people are going to lose their butts..... This entire field is so subject to the prevailing laws in a state - but the FEDS aren't so sure about all of it.... and then there's the whole "can't bank" issues.

My feeling was and has been this.... when we finally go all 50 states in - and the FED finally gives in and rolls with it ---- then do the big terbacky guys get in and steamroll everyone else? I have no idea - it's just a hypothetical question. They have the money - the marketing and the distribution... but do they want in and would people accept their products ----- or do people want the old "head shop" independents. I have NO IDEA. When I have no idea -- I don't put my money at risk. I just simply don't know where it's all going.

[sanddan]

Originally Posted by GregWeld

This is a fantastic question with so many answers and probably none of them right.

My personal take on it ----- some people are going to pick the right one ---- most people are going to lose their butts..... This entire field is so subject to the prevailing laws in a state - but the FEDS aren't so sure about all of it.... and then there's the whole "can't bank" issues.

My feeling was and has been this.... when we finally go all 50 states in - and the FED finally gives in and rolls with it ---- then do the big terbacky guys get in and steamroll everyone else? I have no idea - it's just a hypothetical question. They have the money - the marketing and the distribution... but do they want in and would people accept their products ----- or do people want the old "head shop" independents. I have NO IDEA. When I have no idea -- I don't put my money at risk. I just simply don't know where it's all going.

I think you will see both, big tobacco selling dirt weed to the masses and micro grow operations selling to the upscale customers who can afford better. Think Hood River vodka compared to single malt scotch.