Screw the Stock Market...

[Clark Addison]

I sold a small position in Tesla around 18 months ago for around $320. It's trading today at over $900. Let me know if you need any stock trading advice.

Time for a one-up! I bought some in mid December at about $375. 60 days in and I am up 135%.

The story doesn't sound as good when you know that my investment was 3 shares. So I am up a total of $1,525.

I am a little scared actually (not for me). I kept bragging about my prowess to a co-worker, so she bought in at $560. Unlike me, she didn't limit herself to 3 shares, but instead bought 200. As of today she is happy, with a $65K profit in the last couple of weeks, but she may not be as happy with me if it is at $350 in a couple of months.

[Bo Diddley]

Time for a one-up! I bought some in mid December at about $375. 60 days in and I am up 135%.

The story doesn't sound as good when you know that my investment was 3 shares. So I am up a total of $1,525.

I am a little scared actually (not for me). I kept bragging about my prowess to a co-worker, so she bought in at $560. Unlike me, she didn't limit herself to 3 shares, but instead bought 200. As of today she is happy, with a $65K profit in the last couple of weeks, but she may not be as happy with me if it is at $350 in a couple of months.

Yeah, I would sell now and diversify.

[PaloAltoCougar]

Time for a one-up! I bought some in mid December at about $375. 60 days in and I am up 135%.

The story doesn't sound as good when you know that my investment was 3 shares. So I am up a total of $1,525.

I am a little scared actually (not for me). I kept bragging about my prowess to a co-worker, so she bought in at $560. Unlike me, she didn't limit herself to 3 shares, but instead bought 200. As of today she is happy, with a $65K profit in the last couple of weeks, but she may not be as happy with me if it is at $350 in a couple of months.

Ha, next time I'm in CLT, you're buying... Congratulations, though!

[Jeff Lebowski]

Lol at you guys buying individual stocks. Good luck with that.

[PaloAltoCougar]

Lol at you guys buying individual stocks. Good luck with that.

I agree that one ought to be focused mainly on index funds, ETFs, etc. But it's fun (and has been very profitable of late) to put a few chips on individual stocks.

[Flystripper]

RSUs and PSUs make paying attention to my company’s stock important. My 401k is various index and mutual funds.


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[Jeff Lebowski]

I agree that one ought to be focused mainly on index funds, ETFs, etc. But it's fun (and has been very profitable of late) to put a few chips on individual stocks.

Folks that buy individual stocks love to talk about their big wins. Not so much about their big losses.

I used to buy individual stocks. Took me a while to learn my lesson.

[PaloAltoCougar]

Folks that buy individual stocks love to talk about their big wins. Not so much about their big losses.

This may start a lamentable skein of horror stories from others, but I have to mention one purchase in the early 90s in which I followed the advice of an investment adviser (who later died from a drug overdose) to put $25K into a limited partnership. I could have invested that amount in a client's stock (privately held) at that same time. Ten years later, the LP went bust and I lost my investment. If I had accepted my client's invitation to buy the stock, ten years later the $25K would have been worth $3.5 Million. If nothing else, that confession, along with my Tesla sale, should deter anyone from asking me for stock tips.

[Jeff Lebowski]

This may start a lamentable skein of horror stories from others, but I have to mention one purchase in the early 90s in which I followed the advice of an investment adviser (who later died from a drug overdose) to put $25K into a limited partnership. I could have invested that amount in a client's stock (privately held) at that same time. Ten years later, the LP went bust and I lost my investment. If I had accepted my client's invitation to buy the stock, ten years later the $25K would have been worth $3.5 Million. If nothing else, that confession, along with my Tesla sale, should deter anyone from asking me for stock tips.

Holy crap.

We have some friends in Austin who worked for Dell in the early years of the company. One year they decided to cash in their stock options to buy a van. 1-2 years later those options would have been worth $1M+. They wistfully called it the “million dollar van”.

[Pelado]

This may start a lamentable skein of horror stories from others, but I have to mention one purchase in the early 90s in which I followed the advice of an investment adviser (who later died from a drug overdose) to put $25K into a limited partnership. I could have invested that amount in a client's stock (privately held) at that same time. Ten years later, the LP went bust and I lost my investment. If I had accepted my client's invitation to buy the stock, ten years later the $25K would have been worth $3.5 Million. If nothing else, that confession, along with my Tesla sale, should deter anyone from asking me for stock tips.

I'm guessing the commission on that LP was pretty impressive, even if its performance was not.

What did the LP invest in?

[PaloAltoCougar]

I'm guessing the commission on that LP was pretty impressive, even if its performance was not.

What did the LP invest in?

The Three Mile Island beach chair concession. That, and some stupid apartment complex in Sacramento.

[Uncle Ted]

Holy crap.

We have some friends in Austin who worked for Dell in the early years of the company. One year they decided to cash in their stock options to buy a van. 1-2 years later those options would have been worth $1M+. They wistfully called it the “million dollar van”.

And then there is Ronald Wayne, the third co-founder of Apple... He owned 10% of Apple but sold it back to Jobs and Woz for $800.



In honor of Wayne I named my iPad after him.

[Jeff Lebowski]

And then there is Ronald Wayne, the third co-founder of Apple... He owned 10% of Apple but sold it back to Jobs and Woz for $800.



In honor of Wayne I named my iPad after him.

No more calls, please. We have a winner.

[Pelado]

The Three Mile Island beach chair concession. That, and some stupid apartment complex in Sacramento.

Low-income housing apartments?

[PaloAltoCougar]

Low-income housing apartments?

Only for the investors. Actually, I don't even remember; it's been nearly 30 years...