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Replies: 20
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All-In [47692]
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If I was your stock broker you'd fire me.
Aug 17, 2020, 3:49 PM
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I bought TSLA at $300 per share, watched it drop to $190 and rebound to $430, where I sold it for a tidy little profit.
Today it is up $182.61 to $1,833.
FML
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Hall of Famer [22935]
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Don't get upset. At least it went up
Aug 17, 2020, 3:52 PM
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I won't bore you with my woes investing in natural gas and oil futures. Made so many mistakes, I don't trade individual stocks any longer.
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All-In [40875]
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I trade individual stocks but I use S&P index funds
Aug 17, 2020, 4:05 PM
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as a guide, I pay a small fee. The advantage is that at the end of the year I can sell stocks that lost money to offset gains and then rebalance in February. I buy individual bonds as well. I make sure to have at least 10-20 different bonds and 30-40 stocks to keep diversified. A couple of the bonds went "junk" on me this year due to covid, but we'll see.
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Hall of Famer [22935]
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One nice thing (I guess)
Aug 17, 2020, 4:23 PM
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I have so many accrued losses that many of my future gains won't be taxed. So, a win?
I'm mostly a Boglehead now. So simple, and less stress. I don't get mad if a stock drops. I don't get mad if I sell a winning stock too early.
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Oculus Spirit [81628]
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Hall of Famer [22935]
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In fairness, it looked like they could go bankrupt last year
Aug 17, 2020, 3:57 PM
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Hope your friend is cashing in all those options.
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CU Medallion [59982]
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CU Medallion [73569]
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Well, i refused to buy them cause they are
Aug 17, 2020, 4:04 PM
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Draining money. That was at 300 as well. Im an idiot
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All-In [36448]
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I bought 5 shares at $275 a piece. Still have them.
Aug 17, 2020, 4:05 PM
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They are going to 5-1 split by aug 31st.
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All-In [48078]
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Re: If I was your stock broker you'd fire me.
Aug 17, 2020, 4:07 PM
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I had 1000 shares of Apple in 1997 that I bought for $4 per share. I sold them because Apple wasnt doing much at the time. I might have sold them for 5 bucks max. I don't remember. I also bought a condo in Encinitas, California for 178k in 1998. I sold it for 278k two years later. I saw it listed for 1.2 million a few months ago. If I thought about all of my what could have beens I would vomit.
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All-In [36448]
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1000 shares now worth almost half a million.***
Aug 17, 2020, 4:26 PM
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Oculus Spirit [81628]
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Great, now he vomited, thanks.***
Aug 17, 2020, 4:26 PM
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All-In [48078]
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Hall of Famer [22935]
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With inflation, time value and taxes
Aug 17, 2020, 4:59 PM
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Plus having money invested elsewhere in the stock market gains, that $500k would have only been like $350k. Hope you feel better now.
/s
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All-In [48078]
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Re: 1000 shares now worth almost half a million.***
Aug 17, 2020, 4:30 PM
[ in reply to 1000 shares now worth almost half a million.*** ] |
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I did use that money to buy shares of Bluestone Software though. Symbol. BLSW
They were rated a strong buy and everyone on Squawk Box loved it. They went under maybe a couple years later.
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All-In [48814]
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All-In [36448]
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Good catch. It has split 3 times since then.
Aug 17, 2020, 5:37 PM
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One was 1-7 then two were 1-2. So actually 1000 shares then would be 28,000 shares now which would be worth 12.6 million dollars.
So now you can throw up Carlsbad.
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All-In [48078]
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Re: Good catch. It has split 3 times since then.
Aug 17, 2020, 5:40 PM
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Well that is good to know.
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All-In [48814]
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I invested some money in a friends business
Aug 17, 2020, 4:36 PM
[ in reply to Re: If I was your stock broker you'd fire me. ] |
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that was highly dependent on Apple tech. Ultimately my rate of return on that was negative 60%.
If I had invested the same money directly in Apple at the same time I'd have about 600K worth of Apple stock right now.
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Orange Blooded [4086]
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Lot o points [163010]
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I have no idea why that stock is so high
Aug 17, 2020, 4:19 PM
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makes zero economic sense to me.
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