Regardless if it's business or investing, I believe systems must be in place to stay consistent and win. All my retirement stuff at Northwestern Mutual is on auto pay. I also have a set amount transferred to Scottrade every month so I'm reminded to buy stocks. I like the philosophy of giving and investing, then spending what's left.
I read with interest a couple days ago that BOEING (BA) was going to lay off 8,000 workers.... I thought (immediately) OH OH! I don't own the stock - it's generally (in my mind) a boom or bust industry - although less so now that there's really only the two players.
So just because I was reminded of it by another article - I looked up Boeing. Just as I had thought might be the case - the stock is down Year to Date - and for the "year" (last 12 months). So - as I usually do -- I stretched that chart out to 5 years -- WOW! Up 70+ %.... so down 8% this year now doesn't look so bad.... so out to 10 years I went -- WOW! Up 60+ %...... and it pays a real decent dividend....so out I went to "ALL" -- it's ONLY up 7000+%
LOL
Just using this as another example of what you "think" and what you "KNOW". Usually a big difference. No I'm not buying BA or even recommending it - what I am saying is that a little actual research goes a long way....
I check the thread every day or two for new posts, but don't have much to offer in added value on top of what we got. Unless some new players come in and start asking questions.
Overall, I'm very happy with what I've learned and put in place from here. It's done well, and I'm continuing to grow that nest egg!
I did drop in a few new names in the bucket in Feb. We'll see how they play out. Was in some industries I wasn't in yet.
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Albert
My Toy... is actually a 1973 Camaro LT and a '09 HD Dyna.
Interesting discussion on Tesla (TSLA) this morning on CNBC. They just had LINES to put down money on their newest offering! That was when I first bought Apple (AAPL) way back when (long since sold) because the stores had lines out the door! Always a good sign right? I mean - WTF - People standing in line to buy your stuff should spell big $$$ and profits.
However.... As the talking heads pointed out. There is a big difference between loving a product, or business.... and loving THE STOCK. This particular stock is priced at a point that values every car they build at 1 million dollars! Holy WOW!
However... there are MORE BUYERS than sellers for the shares! As this morning they're up quite nicely simply based on the lines out the door. They LOOSE money on every car they build (now). So what people are buying is the future. The future is unknown, but apparently people feel that eventually the stock will be worth more than they paid. Will that play out well? Who knows. It has to fall in the gambling category in my humble opinion. So did FaceBook - Amazon - Microsoft (back in the day) and even Apple was a big gamble when they first roared back to life from the dead.
It's so interesting. What to do? Play a little? Or just watch? Danged if I know! Some times investing is just emotional - we don't want to be the only guy that didn't make money on something.... damn the torpedos! I always find that owning something like this is so gut wrenching - because its moves are usually violent. One days news has it soaring - the next day it drops like a rock. It's 52 week range? $141 to $286 !! That is a serious rollercoaster! Can you stomach $50 drops? It's such an interesting problem isn't it? Personally? I think it's the future. What worries me as an investor is, is there some other larger company that comes out with a Tesla beater... or do they just stand by and let them build the market? Think about Amazon and Microsoft in their infancy. Amazon was virtually unimpeded in building out it retail store crusher! Now all the big box stores are so far behind they can't possibly catch up. We all buy stuff on Amazon! IBM gave up on personal computers and handed that whole technology to Microsoft... and the rest is history. So is this what Tesla is doing?
Great article.... and I have discussed this many times in the past. That people THINK their mutual fund has no fees or that some broker has their best interest in mind. Poppycock!
There's nobody that is inhaling and exhaling - that can't do quite well doing all of this on their own. The key is nothing more than a basic understanding.
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
Hybrid Mode
