• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

Hey Nerds: Blockchain

CH1 said:
you do realize that buying up on great companies is the best way to make money

not that my pot stocks are great companies (yet) but if I had stopped buying more TRUL after I initially got in at the stupid price of $9, my account would be significantly smaller today.
Click to expand...
Proud of my 11c avg on CBII but if I added instead of scaled out on the way up... Damn. Woulda been cool.
 
CH1 said:
you do realize that buying up on great companies is the best way to make money

not that my pot stocks are great companies (yet) but if I had stopped buying more TRUL after I initially got in at the stupid price of $9, my account would be significantly smaller today.
Click to expand...
Of course, but I would just do all my buying at the beginning. And then once the position is established, I'd feel that putting in more would be allocating too much to one name. Fundamentally I must believe all of my holdings will be significantly higher in the future as compared to today, so I should just be buying more of them if that's the case? But I feel like I've staked a sufficient claim in those names and need to look for the next target which is trading substantially off its highs and which I think can rocket over time.
 
CH1 said:
you do realize that buying up on great companies is the best way to make money

not that my pot stocks are great companies (yet) but if I had stopped buying more TRUL after I initially got in at the stupid price of $9, my account would be significantly smaller today.
Click to expand...

Yep. Blue chip portfolio, build a base that will allow you to take a few risks (or at least riskier positions). And then just be patient.

and don’t shit yourself on the dips.
 
Preston said:
Proud of my 11c avg on CBII but if I added instead of scaled out on the way up... Damn. Woulda been cool.
Click to expand...

that was a great play, but I'm not convinced the company will be great, much less be around, in a few years.

let's face it, that was a pure spec play and our initial stop loss was 0

I'm taking about LOF style companies....the rule is to keep throwing your disposable money at AAPL, MSFT, AMZN until the narrative changes
 
LeafOfFaith said:
Of course, but I would just do all my buying at the beginning. And then once the position is established, I'd feel that putting in more would be allocating too much to one name. Fundamentally I must believe all of my holdings will be significantly higher in the future as compared to today, so I should just be buying more of them if that's the case? But I feel like I've staked a sufficient claim in those names and need to look for the next target which is trading substantially off its highs and which I think can rocket over time.
Click to expand...

yeah, but as yoru income grows, and you have more $$ to invest, aren't you limiting what stocks you buy based on the following logic:

"I already bought AAPL at 60, so no way am I buying it here at 80, even though I can see it at 150 two years from now"
 
You aren’t going to jump the social class by investing in blue chips.

But if your goal for investing is to leverage sheltered accounts and have a nest egg to retire and live comfortably... you can’t go wrong.
 
CH1 said:
yeah, but as you income grows, and you have more $$ to invest, aren't you limiting what stocks you buy based on the following logic:

"I already bought AAPL at 60, so no way am I buying it here at 80, even though I can see it at 150 two years from now"
Click to expand...
This is totally the case. There's a fair amount of emotion built into my gameplan.

I think of my own holdings much like the ones that ran up that I missed. Like the ship has sailed. I just happen to be on board the ones I own.

I then turn to finding ones that are still docked and have already traveled to exotic locales and returned (i.e., a strong company that is well off its highs but poised to return there - that's the profile of the stocks I usually buy).
 
mbow30 said:
You aren’t going to jump the social class by investing in blue chips.

But if your goal for investing is to leverage sheltered accounts and have a nest egg to retire and live comfortably... you can’t go wrong.
Click to expand...
There's some truth to this, but it all depends on the specifics.

If you dove into the Apples and Netflixes of the market not too long ago, and had invested a sizable sum, a 5x or whatever in a short period of time is pretty good. And it didn't come with the same risk of trying to get a 5x or more by putting a lesser amount into a non-blue chip.

Did you really liquidate your blue chips to go all in on TRUL?
 
CH1 said:
I dunno...a blue chip folio started early in life is pretty, pretty, pretty good.
Click to expand...
Yup. I lament the fact that I really only started investing like 4 years ago.

If I had been investing smaller sums when I started working and graduated into disposable income, holy bejesus.

Hell, even if I'd bought everything I bought just one year before I did, it'd be a massively different tale in my account, both from the dollars I didn't spend to buy my positions and the extra multiples on my gains. Four point games.

But every time I think this way, I realize I may well have made totally different purchase choices years before, like maybe I'd have been loading up on shit like GE and Ford.
 
LeafOfFaith said:
There's some truth to this, but it all depends on the specifics.

If you dove into the Apples and Netflixes of the market not too long ago, and had invested a sizable sum, a 5x or whatever in a short period of time is pretty good. And it didn't come with the same risk of trying to get a 5x or more by putting a lesser amount into a non-blue chip.

Did you really liquidate your blue chips to go all in on TRUL?
Click to expand...

You still need some serious $$ to invest that sizeable sum.

I’m a TRU ch’liever.

But no, didn’t liquidate.
 
CH1 said:
that was a great play, but I'm not convinced the company will be great, much less be around, in a few years.

let's face it, that was a pure spec play and our initial stop loss was 0

I'm taking about LOF style companies....the rule is to keep throwing your disposable money at AAPL, MSFT, AMZN until the narrative changes
Click to expand...
By the way, this is a misstatement of my picks. I do have some of the blue chips, but maybe 30% of my portfolio was on riskier up and comers that just matured in the ways I had hoped.
 
  • Like
Reactions: CH1
All this shit makes me fearful and reminded of a story the great Groucho Marx told in his autobiography.

I tried finding the excerpt online but can't seem to.

Basically at the height of things in 1929, an elevator boy in a hotel elevator that Groucho got on asked him if he'd heard about this amazing company, which he hadn't, and so as soon as he got off the lift, he called his stockbroker and told him to buy a bunch of shares. He had acted on a tip from an elevator boy. It all busted soon after that.
 
You must log in or register to reply here.
Back
Top