Yea. I worked for 6 months to put trip to Scotland together for 2026 and could not get it done..now aiming for 2027. I do provide for an endowed scholarship in family name at time of my death. Just got to dodge a long slow and expensive death. This does help. Lol
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Wolf speed stock
- Thread starter heel79
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There is a simple solution to that one.
ColdBlueSteel
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What made you go in heavy?
Disclaimer: No one should take financial advice from Heel79.
Super was right, once again, pure luck. I played golf on Monday a week ago with a buddy who like me lost money on Wolf Speed. He said it was 40 cents. I knew the stock had been I think $113, I bought at about 15 and lost some money on it. I knew a bit about the company, but this was math for me. Not much downside, upside with a stock that moved big in both directions, had a couple stocks doing well, sold them with the idea to buy back soon, bought 10,000 share cheap, it went up quick, and I shared on here. I took other's advice and sold. If I had not posted here, might have missed the window. So I was lucky to follow advice on here.
This, BTW, was a bit out of character for me. I buy stock and keep it.
Super was right, once again, pure luck. I played golf on Monday a week ago with a buddy who like me lost money on Wolf Speed. He said it was 40 cents. I knew the stock had been I think $113, I bought at about 15 and lost some money on it. I knew a bit about the company, but this was math for me. Not much downside, upside with a stock that moved big in both directions, had a couple stocks doing well, sold them with the idea to buy back soon, bought 10,000 share cheap, it went up quick, and I shared on here. I took other's advice and sold. If I had not posted here, might have missed the window. So I was lucky to follow advice on here.
This, BTW, was a bit out of character for me. I buy stock and keep it.
Outside of indexes I don't know how people buy and hold individual stocks. As soon as I see a decent percentage (up or down), i'm out.
15 yrs ago I was dabbling in some day-trading, I had a margin account, but markets were kinda stagnant during the day, vix was low and most movement was after hours, so I wasn't buying large amounts. With such small amounts I usually was barely making enough to cover the $7 TDAmeritrade free... esp if I was buying/selling within the day.
Anyway, netflix is showing some daily head & shoulders pattern or some crap, and I think i'm buying 4,000 in the AM, but actually bought 40,000 (margin). That afternoon i check my account and realize i'd fumble-fingered that extra zero. I freaked out til I realized it had jumped 3% and I'd made $1200. Of course i sold it all back down the ideal $4,000 worth in chucks over the next hour. And i think i sold that remaining 4,000 for like seven more dollars a few days later. It was somewhere in the low teens i think... if i'd kept all the shares it would be worth 3 million+. The 4000 shares would be worth about $330000.
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I buy and hold individual stocks as my usual routine. I paid off my mortgage by buying and holding Apple, Packaging Corp of America, Tractor Supply, Ebix, and Sirius XM for about ten years. I made enough to pay off about a half million dollar mortgage plus pay 20% capital gains tax on proceeds. I started with $70K in 2008 and sold in 2018 because I told my wife when the account reached enough to pay off the mortgage I would sell. I bought and sold other stocks during that period but those listed above did the heavy lifting. I bought Sirius XM in a few batches and had an average acquisition cost of .285. It went down to .05 at one point and I almost bought another 100,000 shares for $5000 but I didn't pull the trigger. I think when I sold the stock was ~$7. So I missed out on a big payday by not spending $5000.
BTW: I pay someone to manage my retirement funds and I would fire him if he were as reckless as I am with the stocks I manage myself.
You were trying to get rich. I am trying to build my portfolio so when I m gone it can do good. I have lunch with a crowd of successful rich people every friday. I am the answer to the question which one is unlike the other. Stocks are often the topic. One guy bought Nvidia at like 3. We were meeting at that time and I said recently thanks for the tip. I got in a few months before 10-1 split . Another guy said hell Donnie you would have sold at $4. I think this guy has about $2.3 million in Nvidia.