Investing 102

[GregWeld]

I got 400 of the 2000 shares I put in for the COTP.


In a few minutes we'll see what happens next. My guess is -- not as much as everyone thinks. That's usually the way things go -- the opposite of expectations.

[SLO_Z28]

I'm surprised you're buying Facebook. A 50X PE just doesn't do it for me. There seems to be better places to put your money.

[GregWeld]

James -- Apparently you don't read all the posts. I explained the FB IPO purchase reasoning earlier... It's just "because I can". It's a gamble. A VERY VERY VERY teeny tiny gamble. One that is just "fun" to see what happens.

I'm not trying to get rich quick.

[GregWeld]

Originally Posted by SLO_Z28

I'm surprised you're buying Facebook. A 50X PE just doesn't do it for me. There seems to be better places to put your money.

BTW ---- There is a LOT more to investing than P/E.... One criteria limiting factor won't get you very far as an investor.

[toy71camaro]

Originally Posted by GregWeld

I got 400 of the 2000 shares I put in for the COTP.


In a few minutes we'll see what happens next. My guess is -- not as much as everyone thinks. That's usually the way things go -- the opposite of expectations.

Sweet! sure hope it goes UP UP UP for ya!!!

Im staying far and away from that one. LOL.

[GregWeld]

Originally Posted by toy71camaro

Sweet! sure hope it goes UP UP UP for ya!!!

Im staying far and away from that one. LOL.

Ya know -- this stuff -- and I've done A LOT of 'em -- is pure gambling. You'll have just as much luck playing craps in Vegas. If you can afford to blow money playing craps... fine. If that's money you need for REAL INVESTING... then SMART people will stay away and put money into Coke or McDonalds.

[Bucketlist2012]

I will be sitting the facebook one out..

I have a portion of my portfolio in Higher risk assets, but they are one's that I understand, and I have a reason for gambling on them, and so far, I am right.

I have never been on Facebook, and I never will. I don't understand it, and if I don't understand it, I am not buying it.

I told my Wife the other day about some of our assets, and I told her that it is " Calculated Gambling". But I explain to her why we are in the higher risk assets..

People will make money, and people will lose money on Facebook , and again, since I don't understand it, I just cannot throw my money at it.. But that is just My opinion.

I need to understand everything my employees are doing..

[XLexusTech]

Originally Posted by GregWeld

Ya know -- this stuff -- and I've done A LOT of 'em -- is pure gambling. You'll have just as much luck playing craps in Vegas. If you can afford to blow money playing craps... fine. If that's money you need for REAL INVESTING... then SMART people will stay away and put money into Coke or McDonalds.

Agreed, picked up more of each MCD and KO, plus a few other choice Drips leading up to this... I don't gamble in casinos, in fact I don't see why anyone does... losing money a gaming is PAINFUL!...
I also agree 100% with the thinking, invest in products and companies you know and the products you use. When my 90 YO mother Friend-ed me on FB, I knew it was time to pony up... Hope I am right but even if I am wrong I am OK with it because I went for it with Money I could afford to lose..


Good luck to everyone!

[toy71camaro]

Hmmm....

With the market down like it is... Im now debating if I purchase more stock of what I have, while its on sale (CVX -10.5%, MCD -4.9%) or continue on to buy two new ones i had planned for soon (T, KO or KMB)...

Decisions, decisions...



By the way, Sorry Greg about the FB IPO. It didnt shoot to the moon like "they all said it would"... lol. But, at least it didnt go belly up either.

[GregWeld]

Originally Posted by toy71camaro

Hmmm....

With the market down like it is... Im now debating if I purchase more stock of what I have, while its on sale (CVX -10.5%, MCD -4.9%) or continue on to buy two new ones i had planned for soon (T, KO or KMB)...

Decisions, decisions...



By the way, Sorry Greg about the FB IPO. It didnt shoot to the moon like "they all said it would"... lol. But, at least it didnt go belly up either.

CVX down 10% would be okay -- I wouldn't average down on MCD it's not down enough.

Buying any time the market is down is good. You'll never catch the bottom - and will almost ALWAYS kick yourself for buying when you did. As far as I'm concerned -- there's almost never a right time to have bought UNTIL a couple years go by and you're up 25% and then you're thinking you're pretty dang smart to have paid such a high price.