Investing 102

[Flash68]

Originally Posted by GregWeld

Gwen is also the main character in this horrible book....

http://www.amazon.com/Force-12-James...ords=Gwen+Weld

from the amazon editorial review.... "WorldQuest VP Gwen Weld, the womanizing Rex's current sex kitten"

[XLexusTech]

Originally Posted by GregWeld

Well --- so far you're only down about 50%.... my guess is that you could go lower.


This kind of stock is pure speculation - it's not really "investing".... it's just a pure gamble on an unknown. I sold the shares I had the minute it didn't do what I expected it to. Cut and run on that kind of stuff 'cause bad can easily go to worse.

Having said that -- it's a good lesson that people have to learn for themselves. You set a price - you set your expectations - and if that goes against you - then you MUST be prepared to take the loss and move on.

People have been waiting for 12 years for Microsoft to rebound.... think about that -- a DECADE of dead money.

Sound advice... i have a sell in @ about 25 ish.. hopefully i can level out..

[GregWeld]

Originally Posted by XLexusTech

Sound advice... i have a sell in @ about 25 ish.. hopefully i can level out..

It sucks but it is what it is... It is also the reason people always sign that caveat -- Don't gamble with money you can't afford to loose... The problem is - NOBODY thinks they're going to loose! I've bought real companies with real profits and good histories and have lost - and lost big... so just because this is Faceybook doesn't make it any better or any worse. I wish I could say -- oh - just hold it 'cause it will come back. Well - yes it can... but you're still just gambling then -- now you're gambling that it will come back...

You do realize that the week after you sell it - it will gain 10 points....

I'm sorry - really am - there's just not much help anyone can offer - because regardless of the advice - it'll be wrong. Hold it and it goes no where - sell it and it'll go up - sell half and hold half -- and maybe you have dead money AND a loss... there's just no crystal ball.

[GregWeld]

Originally Posted by Flash68

from the amazon editorial review.... "WorldQuest VP Gwen Weld, the womanizing Rex's current sex kitten"

So - the author is local... and a brother of parents that our kids went to school with. Kids went to a CatLick school... and anyone that's ever been around CatLick schools knows about the all important "auction"... The author had donated a "your name mentioned in my next book" for the "silent auction". Being good Catlick parents -- Gwen maxes the bid and wins the item. MONTHS later he calls to discuss the book - and to ask if it's okay to use her as a main character and to use her FULL name... Being an officer of a public company - her name is already easily Googled etc - so she says "sure... what the heck".

The book sucks according to her.

She has done a book club for about 20+ years -- several "girls" -- and they've all stuck with it all this time - in fact, she's there tonight! But none of them knew about the book -- so it was her turn to recommend their next read - and shows up with books for all of them but never mentions the inclusion... HA! Got lots of milage out of that I can tell ya!

[GregWeld]

Originally Posted by Flash68

from the amazon editorial review.... "WorldQuest VP Gwen Weld, the womanizing Rex's current sex kitten"

Yeah -- let your imagination run wild buddy! We've been together since she was 14 and I was 18.... that would be 41 years now... I do remember the "sex kitten" days... yes I do... so long ago.... Uh... what were we talking about?

[96z28ss]

I have learned a lot on this thread and hope it continues.
I'd like to share that since this thread started, I have seen my investment grow.

I took Greg's advice and took money out of a previous employer 401k and transfer it into an self directed IRA. It only allowed mutual funds and they were just underperforming.
Since April 17th till today, taking Gregs advice from this thread, Im in the GREEN 5.30%. This all in a stock market that is up and down constantly. Still I collect on dividends.

The sad part about this is I have virtually the same amount of money in my current employers 401k plan (again mutual funds). During the same time period with me contributing money every 2 weeks to it. It was down $800.
I may have to switch jobs so I can move the 401k money into my IRA.

[John510]

Originally Posted by GregWeld

Which one? We've had several!


I was a millionaire at 26 years old. I was the VP and partner in a multimillion dollar wholesale importing business in NYC... sold that business in 1983...

Gwen went to work at Microsoft in 1984... and was the Director of HR Worldwide and spent 19 years there...

The latest is a pre IPO investment we made in Isilon Systems which was sold to EMC for 2.25 Billion in 2010 (we owned 1% of all the outstanding shares which I'll save you the Googling and figuring was 660,000 shares sold for all cash @ $33.85)....

Gwen is also the main character in this horrible book....

http://www.amazon.com/Force-12-James...ords=Gwen+Weld

[GregWeld]

^^^^^^^^^^^^^^^



Thus my favorite saying --- BETTER LUCKY THAN SMART!! Cause that 'bout sums it up.

[Bucketlist2012]

Originally Posted by GregWeld

^^^^^^^^^^^^^^^



Thus my favorite saying --- BETTER LUCKY THAN SMART!! Cause that 'bout sums it up.

AMEN... I am luckier than I am smart.. Not Greg Weld lucky, but hey, I will take the luck that I can get..

I also believe that we put ourselves in positions to get lucky sometimes...Those that never try, won't ever get lucky..

Those of us who try and try and try, only need to get lucky a few times to make it...

[WSSix]

I still read the thread often. I haven't really participated because I'm just watching my investments at this point. This thread has been fantastic. I'm really glad a lot of people are getting good info from it.