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General Malaise said:
Agreed, and I like this aggressive growth strategy. They don't just want to be in the game, they want to be the game. Total f'n disruptor.
Hell if I know. I’m just sitting on some shares I got in the 30s. End of October it becomes a long term gain so we’ll see how it’s doing then. I have a half share+ so not nearly as much as some in here. I like having some exposure but I’m not a big believer that the market is so gigantic that they’ll shoot the moon.
They have more competitors with deep pockets and similar infrastructure in existence, though.
That’s pretty funny. I fall in that group but I haven’t really budged in the big drop last March and this spring as well (for many of my investments). Most stuff I sold was because I thought they hit highs like ZM in the $500s, FSLY at $135 (lol, sorry to the 48 year old Dad in Pittsburgh who bought my shares), APPN and MDB and I reinvested, so I guess I'm doing OK.
I used to be part of that group of thinking and now I'm the total opposite. It's still a goal to be mortgage free before I retire but with mortgage rates lower than inflation and with markets booming it just doesn't make sense to pay it down.
Me too. Rates are so low. I’m just hoping when I get to buying the retirement place that rates are still low. With the recent price jumps around here, we are around 30% LTV so a real nice chunk of equity to use. Only issue is wife wanting lakefront, which would be awesome, but very likely more expensive than the current house.
Holding usually is unless you are great at timing. That said, on an individual stock basis, you may be able to time better. Also, maybe more risk. I’ve seen some of those volatile stocks jump a ton. TWLO is a large company and it was trailing a lot of other stocks I bought because it had a bad earnings or something like that. One earnings call later and it went up 40% in one day. If you miss that, it’s not close to the same return.
That's funny because that is exactly my demographic but I have always been really, really good at not panic selling. Heck, I made some good money buying beaten down stocks during the Great Recession and the Covid decline.
Same as Union County, maybe a little more. Not looking there, so far Lake Keowee/Hartwell to get ideas, but when we actually look, I plan to expand our looking. My oldest is a junior in college so he’ll likely be working and the other two in college so that might be a deciding factor. I think they’ll stay in the Southeast but who knows.Lake Wylie is in SC you know. Lower taxes.
No, still have the 20 shares I didn’t sell. MF recommends them so just a long term hold for those. Still got real lucky on that sell. I think it hit $580, but I sold 100 shares at $570 on the peak day. It just felt way overextended. I haven’t thought about adding because I did so well selling most of it. It’s probably a decent long term buy but I really don’t think much about it at all since it’s such a small holding.
what else am I gonna do? My 401k/IRA/HSA make up about 85% of my total investments, and I'm in my late 40s so I've got quite a bit of time before I'll touch any of that.
I wasn't being sarcastic or anything. It really is pretty awesome when the contributions line up like that.
And as I've become more and more focused on building up capital in my taxable accounts so that I can retire early-ish (that 85% was about 99% until the last couple of years), a correction here isn't the worst thing as I'm at about 60% cash right now in that bucket and looking to deploy probably half of that.
Spending time at my AZ home, they just made sports betting legal. The tv is FLOODED with casino tv ads, many with way better promotions then Draft Kings. I hope DK has as much cash as the big boys, because it sure looks like it be a long time before they make a profit. If they have to advertise and promote like the other casinos are doing.
Capella said:
Well FFS, those hedge fund bastards took $80 a share from me. That’s it, it’s all meme stocks for me in this rigged game.
And yet, with precious few exceptions (Jim Simons), hedge funds have dramatically underperformed the market over the last decade. I'll take plain Jane SPY - shaken, not stirred.
I remember a story a while back that the stock portfolios of Senators are wildly profitable. This is a sound strategy.
