Saying to pull all money out of the market is ludicrous and Chicken Little-ish. To tell other investors that an investment in BAC is a bad long term decision is poor advice.
Congrats to everyone who didn't listen to the negativity. I'm up 100% on my investment in 2.5 months. Even if I pull out now I'd be able to sleep very well at night.
I appreciate that. I would probably be doing significantly better had I taken $10,000 and divided it equally among 4 great stocks. The diversity was more for me since I am accustomed to only only stocks in the companies I work for I am not familiar with the market as a whole. That in combination...
I'm taking the opportunity for risks. I've bought about 15 stocks with a potential upside of 500-800%. If 8 of the 15 companies even come back to a fraction of what they once were I will profit. You would have to purposely try to lose money right now. I could cash out my profits right this...
When I was 18 I started working at Home Depot. Everyone over 40 hated their jobs, they all were pissed that Bob Nardelli was running the company into the ground. I was looking for advice on stocks and 401K. Every adult at Home Depot said don't buy stock, don't worry about your 401K, Nardelli...
Yea one was down like $30 and the other was down $40 so I wasn't worried about rushing in just yet. Figure I'll take my short term gains and roll them into long term accounts once we stabilize.
Some say I'm a dreamer, but I've only been buying stocks with the chance to at minimum double. Anything that would not at least double I sold off and bought stocks that had the potential to quadruple. Life of an optimist.
I bought several with amazing dividends but have been reading some companies are subject to change their dividend policy on a whim so I have added that to the things I research. Just how reliable their history of payouts have been. At the moment I am in for the short term gains so that I can get...
I treat the stock market like gambling, craps is my favorite game. As I win I try to move money into stable places and out of the risky spots so that at least if the bottom falls out from under me I leave with the majority of what I came with, if not more. When I play craps that safe place is my...
Yea people are already there. I believe it was RCL or CCL but the CEO said their reservations for 2021 cruises are at an all time high. I am banking hard on travel and theme parks.