Investing 102

[Tinker]

Originally Posted by GregWeld

The market goes up and down and sideways......And remember - the day after you sell - it will go up and the day after you buy it will go down.

Not always Gregg. A few years ago I had dumped a certain stock that varied from $60-80 a share at $105. The next day it went down and I was the smartest man around. Lol Well...3 years later it hovers around 300 a share, and I dumped six figures worth.

[GregWeld]

Originally Posted by Tinker

Not always Gregg. A few years ago I had dumped a certain stock that varied from $60-80 a share at $105. The next day it went down and I was the smartest man around. Lol Well...3 years later it hovers around 300 a share, and I dumped six figures worth.

I have a long list of those....... Chipotle - Amazon - Microsoft - McDonalds.....

I was able - thru a friend - to get STARBUCKS at the IPO price.... bought 1000 shares — flipped it out a couple days later because it was up 50 cents - thought I’d skinned a fat cat making $500 in a couple days.....

Yeah - I was brilliant wasn’t I??

[GregWeld]

I had to go do some research on Starbucks (SBUX) to see what it’s long term price had done since I had my big flip and gain of $500’


If you account for splits - the 1992 price per share would be .45 (forty five cents) per share —- it’s current price is almost 16,000 % gain since inception (IPO)


So - I had 1000 shares at @ total cost of $14,000 (IIRC) —- X’s 16,000%

Just quickly — I think that would be worth about 2.2 MILLION today

[Tinker]

[QUOTE=GregWeld
Just quickly — I think that would be worth about 2.2 MILLION today[/QUOTE]

Just think, you could have bought ten more piles of crap! Lol
(Too soon yet?)

[GregWeld]

Originally Posted by Tinker

Just think, you could have bought ten more piles of crap! Lol
(Too soon yet?)

I still can.......


Never too soon! I make more fun of the POS (Pile of Sauce) than anyone.

[Vegas69]

No regrets fellas... It's really easy to make decisions looking backwards.

[Tinker]

Originally Posted by Vegas69

No regrets fellas... It's really easy to make decisions looking backwards.

None here Todd, and yes a crystal ball would be handy.

[glassman]

Saw a Warren Buffet quote on IG today, "the rear view mirror in business is much cleaner than the windshield"

Yet if we spend too much time looking back, we'll trip on what's ahead....

[Vegas69]

I spent too many years on the only if's.... I can honestly say I have not one regret and I've done some really stupid stuff. After all, mistakes are some of the best experience. I do think you need to be willing to learn and change your ways in the process.

[SSLance]

I know I'm not supposed to do this, but it was so glaring I had to check. My investment accounts are up 5% since Jan 1 2019...

This last week has been crazy green for me....