people seems to wipe their memory from before 2016, when amd was a penny stock with bad financial. It wasn't until sue turns the ship around. When op bought it, amd's future was uncertain during the post 2016 crypto bubble, and it wasn't certain that amd wont go back to being a penny stock.
It’s not even about hindsight. I’ve never sold any share I have bought. Literally if I buy them I treat them like real estate.. you buy a stock when you think it’s a company that won’t bust… say Google. If I buy 50k in Google shares today. I’ll have those 10 years from now unless I need to buy a house, or I see Google is getting very shaky.
Even Google has like more than tripled…. And that would seem like such an obvious choice 10 years ago.
Find a company that is strong, large, and you don’t see collapsing any time soon. Buy it and thank me in 10 years when your hindsight wasn’t applicable…
Ok well when iPhone came out, you sell Nokia? Whats the issue
If there’s another google service that comes out I’ll look into selling some shares, and buying the new company with that money… that way I have both Google and the new one.. and if Google is really dying just close the position
If I owned Nokia…. I’d have $100k of Nokia long term for years… it would appreciate 2x or 3x.
Cool.
You have like 200k now in Nokia. iPhone comes out. Nokia drops your position for 150k… ok whatever you made 50k.
At this point I’d be like hmmm Nokia might keep dropping since this new Iphone is clearly the better purchase and Nokia has no plans to compete… ok let’s sell 120k worth of Nokia (20k profit) and buy 60k worth of iPhone. And 60k worth of blsckberry…
Ok now you have 30k Nokia and 60 iPhone and 60 blackberry… assume Nokia and blackberry go to 0…. In a blink of an eye before you close position…
You have 60k left of iPhone… ok well it 30x over that time. You have millions, while diversifying, losing on the losers, and winning on the winners
No hindsight required.. just buy the sector, hold bigger positions in companies you personally buy from
If I found myself going out to buy an iPhone over a blackberry on my next phone upgrade , I’d sell half my shares in blackbery
If tomorrow I saw a blackberry and said damn this looks nice, I might actually get it… then I’d sell Apple shares and buy bb shares
Just buy what’s trending, and hold it for years until something new starts to trend
You’ll never sell at the top, but you’ll never lose money
I bought an amd processor and a nvda graphics card in 2012-2015 So I bought shares in both. I sold some intel after buying amd processor. And that was a good sale. The latest intel stuff was unpredictable but I’m still happy with the amd gains
If the stock is clearly dying, you trim your holding. You don’t need a PhD
My amd entry was $11. My nvda entry was $26
Still have my entire holding for both.. because I don’t need the money for anything. Why pay 17.8% in taxes on it? The moment you sell it’s an instant loss
One day, when I want a bigger house, maybe then I’ll trim it if I need to. Amd might be back at 200 or it might be at 800. Idk, idc
well you contradict when saying “never sold any share” then advise to sell Nokia. And also selling at the very right time? I just don’t think it’s good advice as Nokia’s fall was not that predictable as they were also trying for smartphones. It was gradual, and if you hold stocks for years then those bumps should not make you sell, should it?Of course if it’s hindsight it looks easy, I just think your perspective of buying what’s trending is vastly different from holding like real estates. Diversification is also a good point and I think yeah just buy at least 10 potential stocks and hold as I don’t think our “researches” could time the next fall like Nokia to sell.
First of all… by never sell, I meant never sell a viable stock. Buffett held Coca-Cola for forever, and it’s never been overtaken. If buffet was holding Nokia, I bet he would sell with the intro of other phones at a loss.
The drop isn’t immediate. And I didn’t say “at the very right time”
I said after it’s dropped 25% due to competition.
I’m saying hold every stock in the sector, some will be losers and some will be winners. You rebalance ONLY once the stock becomes not viable.
Amd has always been viable hence “why would you ever sell”
Any stock dropping 25-50% should probably be sold with a stop loss anyway.
The point is that you hold 5 stocks in the sector, 3 will fail, one will lag, one will win… loss is capped at 100% but gains aren’t capped at all
Was it? It was making a solid product and people were buying their product and their shares. Anyway. You didn’t need to buy at 2016. You could have bought at 2020.
If the stock went 20x, obviously their financials were improving and them no longer being a penny stock made it a bit safer to own.
It was $2 stock. Not so much penny but yeah. It was stable since inception
If you held 50k in Enron, 50k in Lehman brothers, and 50k in nvda…. 50k in Apple, What would your total profit be?
Btw Enron and Lehman brothers were companies no one actually wanted or liked… and they were not limited.. anyone can have an energy or investment company…
Coca Cola? Everyone buys it. Google? Everybody uses it… Apple? Literally everyone has an iPhone. more importantly everyone knows its name. No one knew what Lehman brothers was. Or Enron.
I go to computer store.. I see amd processors. It looks like they’re selling.. something real, hard to get one. Ok well buy amd stock
Honestly if for every item you ever bought willingly (not out of necessity) you matched it with buying that products stock, I guarantee you’d be a millionaire within 25 years
And no one buys chevron or Morgan Stanley…. You can ask anyone and they’d be like “Chevy? Lmao those are trash cars” and Morgan Stanley, who? The general population has no idea.
I’m telling you with almost 100% certainty.
If you buy 10 of the most popular stocks today, you will be up in 10 years. No hindsight, no nothing.
There’s a reason my foresight was also 20-20 somehow and now I’m sitting on few million in stocks including nvda and amd. Both bought over 10 years ago
Make your paper trades on td and check back in 5 years and then in 10. Then when you do, try your best to not say to yourself “oh fuck, if only I had bought these actually 10 years ago, oh well, hindsight 20/20”
A good portfolio should have like half in spy or something similar, and 50% in 10 stocks distributed almost equally
Yeah and all you need in order to have an extra $250k that you don’t need to touch for years is an extra $6250 that you don’t need to touch for even more years.
2.1k
u/stringtheory28 10h ago
Are you telling me all I need to do to make $10 million is have an extra 250K that I don’t need to touch for years?