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Talking stocks, trading, and investing in general - Page 570

post #8536 of 11161
Quote:
Originally Posted by ramuman View Post

Is there a solid thread on startups? Not a small business.

Nope. You should start one. I'd be interested in bouncing some ideas around and hearing your experiences as a founder.
post #8537 of 11161
Quote:
Originally Posted by GreenFrog View Post

Nope. You should start one. I'd be interested in bouncing some ideas around and hearing your experiences as a founder.

Tempted to post my story, I'll stick to the other threads for now.
post #8538 of 11161
Quote:
Originally Posted by ramuman View Post

Tempted to post my story, I'll stick to the other threads for now.

Dat story
post #8539 of 11161
I really really want to own some Amazon stock because I do believe it will continue to dominate retail / ecommerce / and cloud computing.

But... dat multiple 😑
post #8540 of 11161
agreed (or is it a greed)


I'm starting to add more to my REIT pile. NLY, STAG, LXP, etc. HHC was a good one too (no dividend), just waiting for closer to 109/110.

I keep glancing at OZM but I think it's still too volatile/risky for me
post #8541 of 11161
I am curious as to individual stock purchases. So there's this well-known notion in just about anything, people brag about the wins and are relatively quieter about the losses.

The Warren Buffet example comes up as an example of how an individual investor can win. It's a great one - but him and Munger did way more in the backend. They invested in a multitude of ventures, worked hand in hand with CEOs, etc.

They didn't make billions just buying Coca Cola stock or sitting in front of the login screen to e*trade.

I view the market as being an efficient market fundamentally if you average it over time. It also has several forcing functions. Public idiocy is one (and the one that has led to nearly every major crash), beating insider information is next to impossible if you're not an insider. Beating a few kids with physics/math/CS/engineering backgrounds that have access to lot of computing power and Goldman put them close to an exchange to reduce latency - also next to impossible. And etc.

That's my take. I don't have much spare time to figure out if some horizontal spread works out given IV and TV across that time span or what not.

I only own one individual stock - TSLA - and primarily because I loved the company, but it was pure luck on my part they ended up where they are. Everything else liquid is managed by someone.

My curiosity on this comes from friends that recommend stocks to me. Sometimes they're right and sometimes they're wrong. You look at it over time and you think the investments would have done equally in something passively managed while you worked on higher order things.

/Devil's advocate
post #8542 of 11161
Well, individual stocks = more risk = more loss / reward

I like dat risk
post #8543 of 11161
Buffett made his base wealth as a fund manager, having started his own fund and basically cold called on people.

I own stocks because I cannot earn the same level of dividend income in funds and I do not want to own a bunch of junk along with what I want.

I am open about the bone head things I do right along with the wins.
post #8544 of 11161
Quote:
Originally Posted by Master-Classter View Post

agreed (or is it a greed)


I'm starting to add more to my REIT pile. NLY, STAG, LXP, etc. HHC was a good one too (no dividend), just waiting for closer to 109/110.

I keep glancing at OZM but I think it's still too volatile/risky for me

 

About two or so months ago I set a price trigger alert for when it got below $630 and it did about a week or so after. I forget which day it was, but it was one of those drastic-every-stock-is-down-today days and I hesitated buying it because.. of course, at the time, I thought the whole world was falling apart and that it'd drop even more.

 

Nope. Rebounded back to $660 over the next two days.

 

FML.

 

I need to sack up and make purchases when I intend to.


Edited by GreenFrog - 12/29/15 at 7:00pm
post #8545 of 11161
Quote:
Originally Posted by SkinnyGoomba View Post

Buffett made his base wealth as a fund manager, having started his own fund and basically cold called on people.

I own stocks because I cannot earn the same level of dividend income in funds and I do not want to own a bunch of junk along with what I want.

I am open about the bone head things I do right along with the wins.

It's not a cable package with crummy channels. I'd think any decent FA could pull that off.
post #8546 of 11161
Quote:
Originally Posted by GreenFrog View Post

About two or so months ago I set a price trigger alert for when it got below $630 and it did about a week or so after. I forget which day it was, but it was one of those drastic-every-stock-is-down-today days and I hesitated buying it because.. of course, at the time, I thought the whole world was falling apart and that it'd drop even more.

Nope. Rebounded back to $660 over the next two days.

FML.

I need to sack up and make purchases when I intend to.

If it makes you feel any better I had a price target of 220 when it was at 180 and I didn't pull the trigger...wish I trusted myself back then...
post #8547 of 11161
Quote:
Originally Posted by OmniscientCause View Post

If it makes you feel any better I had a price target of 220 when it was at 180 and I didn't pull the trigger...wish I trusted myself back then...

I remember arguing about how overvalued TSLA was with a guy back in late 2013. It was around $117 I think back then. It was unfathomable to me how expensive it was... to the point where I wouldn't even consider it a remotely viable investment. I never said it out loud but in my head I thought the guy was a huge idiot for holding his position there.

Who's the idiot now? Lol

Lesson: don't fight dat momentum. In other words, AMZN will be at $1200 by 2016 year end.
post #8548 of 11161
Quote:
Originally Posted by GreenFrog View Post


I remember arguing about how overvalued TSLA was with a guy back in late 2013. It was around $117 I think back then. It was unfathomable to me how expensive it was... to the point where I wouldn't even consider it a remotely viable investment. I never said it out loud but in my head I thought the guy was a huge idiot for holding his position there.

Who's the idiot now? Lol

Lesson: don't fight dat momentum. In other words, AMZN will be at $1200 by 2016 year end.


I remember AMZN around $160-$180 and thinking it was over valued.  I have friends with quite a few stock options from back then that are looking to pay cash for their houses once they vest.

post #8549 of 11161
But dat snap-on, still going strong.
post #8550 of 11161
Quote:
Originally Posted by ramuman View Post

It's not a cable package with crummy channels. I'd think any decent FA could pull that off.

I have a bachelor's in finance, I don't feel I need an FA's assistance.

You're posting in the stock picking thread....the advice is not necessarily inaccurate, but a little off putting when posted in th stock picking thread.

I have compared to funds at a similar degree of risk, individual stocks better achieve what I want.
Edited by SkinnyGoomba - 12/30/15 at 3:50pm
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