Going try investing with a SMALL sum of money and try MAKE 30% or more with it in the USA stock market. Yesterday I’ve converted $2500 CAD on my trading acct and got $1868.88 USD for that and that the only money I will be using for 1yr to try make 30% or more with it. My strategy is to buy stocks with minimum 1 billion market cap and hold for 1yr+ or until I make 20%+ as long as I still don’t see a lot significant bad news in the company I will hold on to it. My trading acct charges $9.95 commission for each trade. With election coming up the stock market have been very volatile and I see a lot of stocks with good opportunity for me to buy. Not sure when the bottom will be but timing the market never ends up well in the long run I know from trying over the years. If I lose all this money that will be end of investing for me but will try to just using this amount for 1yr and if successful I may add more money to it after 1yr. What I do is not investment advice for anyone, you should do your own dd before investing your own money.
Oct 27th 1st trade bought 100 shares of IGT @$9.32 total cost $941.95 my remaining balance 1868.88-941.95=$926.93
If this IGT stock falls another 60-80 cents I’ll buy more to average down on it or if other stocks I like I’m looking at falls to the price I want I’ll buy it instead. As you could see I am not starting a big sum of money so I’m very limited to what I can buy.
Any successful traders with long term proven experience please feel free to give me advices on trading and stocks to look at with my small remains budget to reach my goal of 30%+ return. Thx ahead of time.
To remove first post, remove entire topic.
Going try investing with a SMALL sum of money and try MAKE 30% or more with it in the USA stock market. Yesterday I’ve converted $2500 CAD on my trading acct and got $1868.88 USD for that and that the only money I will be using for 1yr to try make 30% or more with it. My strategy is to buy stocks with minimum 1 billion market cap and hold for 1yr+ or until I make 20%+ as long as I still don’t see a lot significant bad news in the company I will hold on to it. My trading acct charges $9.95 commission for each trade. With election coming up the stock market have been very volatile and I see a lot of stocks with good opportunity for me to buy. Not sure when the bottom will be but timing the market never ends up well in the long run I know from trying over the years. If I lose all this money that will be end of investing for me but will try to just using this amount for 1yr and if successful I may add more money to it after 1yr. What I do is not investment advice for anyone, you should do your own dd before investing your own money.
Oct 27th 1st trade bought 100 shares of IGT @$9.32 total cost $941.95 my remaining balance 1868.88-941.95=$926.93
If this IGT stock falls another 60-80 cents I’ll buy more to average down on it or if other stocks I like I’m looking at falls to the price I want I’ll buy it instead. As you could see I am not starting a big sum of money so I’m very limited to what I can buy.
Any successful traders with long term proven experience please feel free to give me advices on trading and stocks to look at with my small remains budget to reach my goal of 30%+ return. Thx ahead of time.
IGT is a good company, but anchored to casino stocks and activity. So you might be in this one for a while but if things ever do lift and improve, IGT will be a multi bagger...thats a big IF and when.
IGT is a good company, but anchored to casino stocks and activity. So you might be in this one for a while but if things ever do lift and improve, IGT will be a multi bagger...thats a big IF and when.
A lot to unpack here.If you are investing for longterm (retirement) you are much better off with good growth funds, in order to lower your risk.I am not an advocate of single-stock investing with retirement funds.
But if you want to hit your 30% mark you will absolutely have to be risky.
For example, picking 2 or 3 stocks that are really going to soar.But you better have great reasons for being that risky.
Like IGT.You should be able to write 6 or 7 detailed paragraphs about this stock and why it is a good buy.You should be able to say if, and why, it is on sale.You should be able to say if, and why, it is primed for huge growth.You should be able to look at the charts and read them on this stock vs overall market and its sector.You should know all about the fundamentals and the sheets on this stock.
You have 1/2 of your investment for this venture tied up in one stock.I hope this is only in addition to your completely funded investment account(s).
There are ways to outperform the market average.But it is not easy at all.There are very, very highly paid professionals that do this for a living — and fall short every year, but are good enough to keep managing billions of dollars for clients. That is why most people are better off being in funds that are diversified.There are quite a few that outperform the market as a whole.
For example, I am well ahead of the S&P index this year — which is a standard a lot of people compare investing to.
For this discussion, I am assuming you are fully invested elsewhere in this fashion for retirement and are doing this for fun and experience.
A lot to unpack here.If you are investing for longterm (retirement) you are much better off with good growth funds, in order to lower your risk.I am not an advocate of single-stock investing with retirement funds.
But if you want to hit your 30% mark you will absolutely have to be risky.
For example, picking 2 or 3 stocks that are really going to soar.But you better have great reasons for being that risky.
Like IGT.You should be able to write 6 or 7 detailed paragraphs about this stock and why it is a good buy.You should be able to say if, and why, it is on sale.You should be able to say if, and why, it is primed for huge growth.You should be able to look at the charts and read them on this stock vs overall market and its sector.You should know all about the fundamentals and the sheets on this stock.
You have 1/2 of your investment for this venture tied up in one stock.I hope this is only in addition to your completely funded investment account(s).
There are ways to outperform the market average.But it is not easy at all.There are very, very highly paid professionals that do this for a living — and fall short every year, but are good enough to keep managing billions of dollars for clients. That is why most people are better off being in funds that are diversified.There are quite a few that outperform the market as a whole.
For example, I am well ahead of the S&P index this year — which is a standard a lot of people compare investing to.
For this discussion, I am assuming you are fully invested elsewhere in this fashion for retirement and are doing this for fun and experience.
This is one type of stock that would potentially help you reach your goal.
Dividend-paying stocks are generally lower risk and have somewhat predictable income for investors.These dividends can also be reinvested to add to the growth.
2019 the S&P, let’s say was up 25%. There were some good stocks that went up 30% or more.But when you start sorting them out and screening them by market cap — you are going to really limit your choices.
SPKEVGR MIC BTDPYAPAM Were some examples that year that would fit this category.I would study up on them and learn the differences between these stocks and their respective peers.Then try to find some similar to them that are poised to make that type of run.
Dorfman (I think it’s him) has a list of his 30/30 stocks that he regularly updates.Return/Growth.
So, there are stocks that do this on a yearly basis.There are some that do it much quicker.But the risk is always there with single-stock investing.
High-Yield dividend growth stocks
This is one type of stock that would potentially help you reach your goal.
Dividend-paying stocks are generally lower risk and have somewhat predictable income for investors.These dividends can also be reinvested to add to the growth.
2019 the S&P, let’s say was up 25%. There were some good stocks that went up 30% or more.But when you start sorting them out and screening them by market cap — you are going to really limit your choices.
SPKEVGR MIC BTDPYAPAM Were some examples that year that would fit this category.I would study up on them and learn the differences between these stocks and their respective peers.Then try to find some similar to them that are poised to make that type of run.
Dorfman (I think it’s him) has a list of his 30/30 stocks that he regularly updates.Return/Growth.
So, there are stocks that do this on a yearly basis.There are some that do it much quicker.But the risk is always there with single-stock investing.
The market can be timed.But you have to be very, very selective.This also should not be done in lieu of your longterm, retirement investing.
Stein wrote a book years ago on a version of this.
Others have ideas on this as well.
Obvious examples, are to buy — or add to positions — on huge dips.Like when the market dropped way down earlier this year.Then when you reach or exceed your goal — get out and wait until another ‘recession’ hits, knowing eventually the market will dip again.
There are many problems with this.The main one is that you will have to wait on average 1.8 years to find a ‘spot’ to get in — sometimes, even years.But it is a good idea to have some liquid investments that are stable that you can shift over to the market in times like this.
There are other ways people do this: economic news, new products, earnings, dips, splits, etc.
But as you found out, it is very hard and not for everyone.
This is NEVER a substitute for longterm holding and investing for retirement.NEVER sacrifice longterm investing trying this.
Timing the Market
The market can be timed.But you have to be very, very selective.This also should not be done in lieu of your longterm, retirement investing.
Stein wrote a book years ago on a version of this.
Others have ideas on this as well.
Obvious examples, are to buy — or add to positions — on huge dips.Like when the market dropped way down earlier this year.Then when you reach or exceed your goal — get out and wait until another ‘recession’ hits, knowing eventually the market will dip again.
There are many problems with this.The main one is that you will have to wait on average 1.8 years to find a ‘spot’ to get in — sometimes, even years.But it is a good idea to have some liquid investments that are stable that you can shift over to the market in times like this.
There are other ways people do this: economic news, new products, earnings, dips, splits, etc.
But as you found out, it is very hard and not for everyone.
This is NEVER a substitute for longterm holding and investing for retirement.NEVER sacrifice longterm investing trying this.
Wallstreetcappers is one that has good advice on how to break a stock down and look at the fundamentals of the stock itself.
He also, a while back, had a bit on (sort of) timing the market.He has long opined on the market being overvalued.So he had some entry points picked out to buy back into the market — like when Dow went down 5k or 10k. Something along those lines.
Gambleholic is a very astute investor.He is a big proponent on the buy-and-hold strategy for investing.He is of the idea that people are too reactionary and do the opposite of what should be done.They therefore, are out-performed by the market.
He also, can break down individual stocks and will recommend stocks he likes and is watching, from time to time.
Rush is another guy on here that has good insight into the market and has a solid investing strategy.
He will recommend stocks as well.He also tends to have a longterm outlook in investing.
I am sure there are others as well that will help you break down an individual stock that you might have your eyes on to reach your goal.
Advice from experienced investors
There are some good guys on here to help you.
Wallstreetcappers is one that has good advice on how to break a stock down and look at the fundamentals of the stock itself.
He also, a while back, had a bit on (sort of) timing the market.He has long opined on the market being overvalued.So he had some entry points picked out to buy back into the market — like when Dow went down 5k or 10k. Something along those lines.
Gambleholic is a very astute investor.He is a big proponent on the buy-and-hold strategy for investing.He is of the idea that people are too reactionary and do the opposite of what should be done.They therefore, are out-performed by the market.
He also, can break down individual stocks and will recommend stocks he likes and is watching, from time to time.
Rush is another guy on here that has good insight into the market and has a solid investing strategy.
He will recommend stocks as well.He also tends to have a longterm outlook in investing.
I am sure there are others as well that will help you break down an individual stock that you might have your eyes on to reach your goal.
I have been in all facets of investing my whole life.
I love studying the market and reading about new ideas and strategies. I am always open to new ideas and try to be understanding with new investors — because I have been where they are.
I have been very fortunate and will always give advice — even when it is not asked for.
And like they say — my advice is free, so about worth what you are paying for it.
Good luck with your adventure and keep us posted.
I have been in all facets of investing my whole life.
I love studying the market and reading about new ideas and strategies. I am always open to new ideas and try to be understanding with new investors — because I have been where they are.
I have been very fortunate and will always give advice — even when it is not asked for.
And like they say — my advice is free, so about worth what you are paying for it.
Raiders...thanks again for your input. My stance right now is wait and see what happens with any free and available cash you may have. I have been sitting on roughly 200k for the past 5 months waiting for opportunities. I had a couple in my sights, as detailed in other threads (WMT and adding to my UPS position) but my own hesitation cost me significant gains as both of those holdings have been Covid19 rally stocks.
This is why I preach a buy and hold strategy. Timing the market is simply too difficult of a task.
Gamble for entertainment, invest for wealth!
Raiders...thanks again for your input. My stance right now is wait and see what happens with any free and available cash you may have. I have been sitting on roughly 200k for the past 5 months waiting for opportunities. I had a couple in my sights, as detailed in other threads (WMT and adding to my UPS position) but my own hesitation cost me significant gains as both of those holdings have been Covid19 rally stocks.
This is why I preach a buy and hold strategy. Timing the market is simply too difficult of a task.
One thing I have clarify my strategy is to buy stocks with minimum 1 billion market cap and higher earlier and hold for 1yr+ or until I make at least 20%+which I didn’t do a good job clarifying above. Looks like I bought too soon I expected lots of volatility 1 week leading up to election and a week after election. I’m not saying there won’t be any volatility after this 2 weeks period but just expecting these 2 weeks to be more volatile. I know diversification is the key to having less risk overall but I believe the amount of money I set aside for this goal gives me limited choice since if I split my small amount of money into 5 to diversify to buy 5 different stocks, I’ll be getting nail with about 3% commissions for each trade so that will take a fairly big percentage of money down the drain.
I know this IGT stock I purchased is a company that isn’t making money and has significant loss and I know what they do and know it’s extremely risky but a fairly big part of there business is sports gambling which I see can ONLY grow bigger in a few years as more states legalized and allow sports gambling, also if a Covid vaccines is found and become readily available next year it could only help this company in most aspect of there business to get more revenue and hopefully become profitable.
One thing I have clarify my strategy is to buy stocks with minimum 1 billion market cap and higher earlier and hold for 1yr+ or until I make at least 20%+which I didn’t do a good job clarifying above. Looks like I bought too soon I expected lots of volatility 1 week leading up to election and a week after election. I’m not saying there won’t be any volatility after this 2 weeks period but just expecting these 2 weeks to be more volatile. I know diversification is the key to having less risk overall but I believe the amount of money I set aside for this goal gives me limited choice since if I split my small amount of money into 5 to diversify to buy 5 different stocks, I’ll be getting nail with about 3% commissions for each trade so that will take a fairly big percentage of money down the drain.
I know this IGT stock I purchased is a company that isn’t making money and has significant loss and I know what they do and know it’s extremely risky but a fairly big part of there business is sports gambling which I see can ONLY grow bigger in a few years as more states legalized and allow sports gambling, also if a Covid vaccines is found and become readily available next year it could only help this company in most aspect of there business to get more revenue and hopefully become profitable.
Yes. I mentioned you qualifying it with 1B cap. The more qualifiers you put on it the more you limit your choices, of course. With the commissions on the trade at 1%, I assume both ways, you will need to be basically up 21% before selling to clear 20% — 11.28 or so.
To me, you have limited yourself a lot with this. Because in the back of your mind you have already decided to buy even more if the stock drops more. So, you are, for sure, willing to pay at least 3 commissions on this stock, by buying it twice — assuming you sell it all at once.
You also are not going to get your whole bankroll up by 20%+ if you have half of it sitting in cash — possibly waiting to ‘double down’ on the same stock. Basically going all-in on something where you seem to be hoping for volatility more than growth.
I would not recommend this method at all. It would be much better to use the other half to diversify and lower your risk by buying another stock. Obviously, then you would only need one of them to make a huge run to offset a flat stock — or one that is dipping and you have to hold for a longer time than expected to recover.
I still am hoping this is completely separate from your retirement investing.
Unless you have great insight into a particular stock, you are much better off letting experts do this for you. Buy a great growth fund and holding it until it reaches your goal.
For example, look at how well just the top 10 stocks in the S&P do — or even the top 5. This is not great diversification, but will generally outperform the market by a wide margin. Look at some of the ones I mentioned before. Study why these types of stocks all do so well, while others do not.
Not trying to discourage you at all. Just putting stuff out there to think about.
Yes. I mentioned you qualifying it with 1B cap. The more qualifiers you put on it the more you limit your choices, of course. With the commissions on the trade at 1%, I assume both ways, you will need to be basically up 21% before selling to clear 20% — 11.28 or so.
To me, you have limited yourself a lot with this. Because in the back of your mind you have already decided to buy even more if the stock drops more. So, you are, for sure, willing to pay at least 3 commissions on this stock, by buying it twice — assuming you sell it all at once.
You also are not going to get your whole bankroll up by 20%+ if you have half of it sitting in cash — possibly waiting to ‘double down’ on the same stock. Basically going all-in on something where you seem to be hoping for volatility more than growth.
I would not recommend this method at all. It would be much better to use the other half to diversify and lower your risk by buying another stock. Obviously, then you would only need one of them to make a huge run to offset a flat stock — or one that is dipping and you have to hold for a longer time than expected to recover.
I still am hoping this is completely separate from your retirement investing.
Unless you have great insight into a particular stock, you are much better off letting experts do this for you. Buy a great growth fund and holding it until it reaches your goal.
For example, look at how well just the top 10 stocks in the S&P do — or even the top 5. This is not great diversification, but will generally outperform the market by a wide margin. Look at some of the ones I mentioned before. Study why these types of stocks all do so well, while others do not.
Not trying to discourage you at all. Just putting stuff out there to think about.
Today I bought 5 SQ@$156.8=$793.95. SQ is another really risk play which if most people are right cryptocurrency will have a BIG year next year and this stock will certainly do well if that’s the case.
My Portfolio Now:
Total Cash Starting Amount: $1868.88
100 IGT bought@$9.32 total spent $941.95
5 SQ bought@$156.8 total spent $793.95
Today I bought 5 SQ@$156.8=$793.95. SQ is another really risk play which if most people are right cryptocurrency will have a BIG year next year and this stock will certainly do well if that’s the case.
I looked at those stocks you mentioned Raiders and MIC was the one that stood out with me, are they still able to maintain & pay that impressive dividend yield of 15% in the future. Like to know more of the business and understand why you think it will do well. I see the stock has taken beating the last few months.
I looked at those stocks you mentioned Raiders and MIC was the one that stood out with me, are they still able to maintain & pay that impressive dividend yield of 15% in the future. Like to know more of the business and understand why you think it will do well. I see the stock has taken beating the last few months.
Today I bought 5 SQ@$156.8=$793.95. SQ is another really risk play which if most people are right cryptocurrency will have a BIG year next year and this stock will certainly do well if that’s the case. My Portfolio Now: Total Cash Starting Amount: $1868.88 100 IGT bought@$9.32 total spent $941.95 5 SQ bought@$156.8 total spent $793.95
I would be very careful trusting ‘most people’. I don’t know that most people even think crypto will have a good year at all?
Quote Originally Posted by Chauster:
Today I bought 5 SQ@$156.8=$793.95. SQ is another really risk play which if most people are right cryptocurrency will have a BIG year next year and this stock will certainly do well if that’s the case. My Portfolio Now: Total Cash Starting Amount: $1868.88 100 IGT bought@$9.32 total spent $941.95 5 SQ bought@$156.8 total spent $793.95
I would be very careful trusting ‘most people’. I don’t know that most people even think crypto will have a good year at all?
I looked at those stocks you mentioned Raiders and MIC was the one that stood out with me, are they still able to maintain & pay that impressive dividend yield of 15% in the future. Like to know more of the business and understand why you think it will do well. I see the stock has taken beating the last few months.
No sir. You misunderstood, or I was not clear enough. Those were the stocks for that year I was using as an example. I was saying find some potential high-yield growth stocks like those were.
I do not know anything about these stocks at all. Just examples that would have hit your goal.
Quote Originally Posted by Chauster:
I looked at those stocks you mentioned Raiders and MIC was the one that stood out with me, are they still able to maintain & pay that impressive dividend yield of 15% in the future. Like to know more of the business and understand why you think it will do well. I see the stock has taken beating the last few months.
No sir. You misunderstood, or I was not clear enough. Those were the stocks for that year I was using as an example. I was saying find some potential high-yield growth stocks like those were.
I do not know anything about these stocks at all. Just examples that would have hit your goal.
Nice. Congratulations What is the plan now? You said you wanted to hold for 1year+ or until it went up 20%+ Now it is up over 20% -- are you selling it? Are you sticking to that plan?
Well I did try to sell on Fri setting a price at $203.8 for 30% gain but it didn’t get that high but honestly I didn’t care if it got sold or not since the recent earning just released was great and slightly more than half of their revenue was from cryptocurrency(bitcoin) and I really believe along with many others that cryptocurrency will have a great year in 2021 and will be seeing new all time highin bitcoin price so this could only improve and push share price to new 52 week high. Now that they have great news about Pfizer almost having covid vaccine ready my IGT stock got a boost off that news so now both my stocks are doing fine so not in a rush to really sell my SQ since it has great potential to do a lot better next year. Now I decided if SQ reaches $211.8 before Dec I will sell it if not I will be keeping it until next year and hopefully make 45%+ on this stock instead.
Quote Originally Posted by Raiders22:
Nice. Congratulations What is the plan now? You said you wanted to hold for 1year+ or until it went up 20%+ Now it is up over 20% -- are you selling it? Are you sticking to that plan?
Well I did try to sell on Fri setting a price at $203.8 for 30% gain but it didn’t get that high but honestly I didn’t care if it got sold or not since the recent earning just released was great and slightly more than half of their revenue was from cryptocurrency(bitcoin) and I really believe along with many others that cryptocurrency will have a great year in 2021 and will be seeing new all time highin bitcoin price so this could only improve and push share price to new 52 week high. Now that they have great news about Pfizer almost having covid vaccine ready my IGT stock got a boost off that news so now both my stocks are doing fine so not in a rush to really sell my SQ since it has great potential to do a lot better next year. Now I decided if SQ reaches $211.8 before Dec I will sell it if not I will be keeping it until next year and hopefully make 45%+ on this stock instead.
Okay. But you are getting away from your plan on the very first trade?
I understand that you like the stocks and they are up. But lots of things are up. Lots of things are likely to go down as well.
I understood your plan to be to hold for a year or until it went up 20+%. Then to take the profit and move on.
You are dealing with a stock with a 60 month beta that is around 2. That is considered a volatile stock.
So, I would assume a plan like you initially had would be to lock in the 20%+ profit and go to another stock and wait for this one to dip again and rebuy instead of letting it run?
Now what happens if it falls below your 20% target? Will you wait the 1-year now to try to get back to 20%? Or will you lose out on your target profit and sell at a loss a year from now?
I am just curious. I always advocate someone having a plan in place when they buy a single stock like you did. So, I was interested in how your plan was going to go and how you would be choosing your stocks.
If you are not buying for the long term and holding because you think this is a great longterm investment stock — then why would you not stick to the plan? That way you have a win under your belt and can better your strategy.
Now you will have to be careful that you do not lose your profit and fall into the ‘strategy’ of jumping from stock to stock — or sitting around too long on a flat or losing stock.
I am not knocking your plan. I am just more curious on your reasoning. Otherwise, it might just become another ‘plan’.
Again, congratulations on the winner and good luck going forward.
Okay. But you are getting away from your plan on the very first trade?
I understand that you like the stocks and they are up. But lots of things are up. Lots of things are likely to go down as well.
I understood your plan to be to hold for a year or until it went up 20+%. Then to take the profit and move on.
You are dealing with a stock with a 60 month beta that is around 2. That is considered a volatile stock.
So, I would assume a plan like you initially had would be to lock in the 20%+ profit and go to another stock and wait for this one to dip again and rebuy instead of letting it run?
Now what happens if it falls below your 20% target? Will you wait the 1-year now to try to get back to 20%? Or will you lose out on your target profit and sell at a loss a year from now?
I am just curious. I always advocate someone having a plan in place when they buy a single stock like you did. So, I was interested in how your plan was going to go and how you would be choosing your stocks.
If you are not buying for the long term and holding because you think this is a great longterm investment stock — then why would you not stick to the plan? That way you have a win under your belt and can better your strategy.
Now you will have to be careful that you do not lose your profit and fall into the ‘strategy’ of jumping from stock to stock — or sitting around too long on a flat or losing stock.
I am not knocking your plan. I am just more curious on your reasoning. Otherwise, it might just become another ‘plan’.
Again, congratulations on the winner and good luck going forward.
As I noted when I bought these 2 stocks I mentioned they are very volatile and I’m aware of the beta number what it means: IGT beta=2.0 and SQ beta=2.68 so for sure I’m expecting the possibility of big crazy swings of ups and downs. Yes I’ve changed plan on my first trade reaching my goal of 20%+, but like I said the recent financial report was great that’s the reason why I changed my mind, it’s good to have a plan in my mind ahead of time but given new positive infos I believe by hanging on to SQ stock until next year (a slightly longer term) I will do a lot better. I haven’t entirely abandoned my position of selling SQ stock, I just adjusted for a slightly higher % of profit to be made. Yes their is the risk I could possibly give back all my gains before next year, but I see very little chance I would be losing my own money. Yes I could have sell last Fri and had another chance to sell this past Mon for 20%+ gains, but it didn’t reached my new adjusted price for slightly more % gain on this particular stock. Also by selling I’m not 100% sure if it was going to fall back enough for me to want to jump back in on this stock which I believe will have a great year next year and it could take off before it falls enough for me to get back in on this stock. Had the recent financial report turn out to just been ok or just descent, I would have sold 100% and take that 20%+ gain already. Given the recent great financial I made slight change to sell at slightly higher gain and if it doesn’t get sold, I trust my gut feeling and wait until next year for potentially a lot bigger % gains. I believe bigger gain for SQ will happen next year due to cryptocurrency(bitcoin) explosion reaching new all time high. I suggest you get on board and buy if it falls back to the price I bought at or around the price I bought it around and we will enjoy big % gain next year together. Just curious what kind of stocks do you hold now and or intend on buying and how is your risk tolerance and what is your plan?
As I noted when I bought these 2 stocks I mentioned they are very volatile and I’m aware of the beta number what it means: IGT beta=2.0 and SQ beta=2.68 so for sure I’m expecting the possibility of big crazy swings of ups and downs. Yes I’ve changed plan on my first trade reaching my goal of 20%+, but like I said the recent financial report was great that’s the reason why I changed my mind, it’s good to have a plan in my mind ahead of time but given new positive infos I believe by hanging on to SQ stock until next year (a slightly longer term) I will do a lot better. I haven’t entirely abandoned my position of selling SQ stock, I just adjusted for a slightly higher % of profit to be made. Yes their is the risk I could possibly give back all my gains before next year, but I see very little chance I would be losing my own money. Yes I could have sell last Fri and had another chance to sell this past Mon for 20%+ gains, but it didn’t reached my new adjusted price for slightly more % gain on this particular stock. Also by selling I’m not 100% sure if it was going to fall back enough for me to want to jump back in on this stock which I believe will have a great year next year and it could take off before it falls enough for me to get back in on this stock. Had the recent financial report turn out to just been ok or just descent, I would have sold 100% and take that 20%+ gain already. Given the recent great financial I made slight change to sell at slightly higher gain and if it doesn’t get sold, I trust my gut feeling and wait until next year for potentially a lot bigger % gains. I believe bigger gain for SQ will happen next year due to cryptocurrency(bitcoin) explosion reaching new all time high. I suggest you get on board and buy if it falls back to the price I bought at or around the price I bought it around and we will enjoy big % gain next year together. Just curious what kind of stocks do you hold now and or intend on buying and how is your risk tolerance and what is your plan?
I guess my issue is that when you go into something, supposedly for the short-term, to make a profit at a certain target and it reaches that target before your date -- you should strongly consider taking your profit. Otherwise, you bring more risk into play. You already have a lot of risk at play -- it is a volatile stock to start with, you are doing this venture with a limited bankroll, you have 50%~ of your bankroll in this stock, the stock is largely tied to Bitcoin (which itself is largely speculative), and there is reason to see this stock as over-inflated right now because of the Bitcoin connection.
But more importantly, you are assuming that you are going to be more correct than the 'experts' on this stock. These are people that do this day-in and day-out for a living. What is the overall consensus by them? I mean this with all due respect -- but are you better at analyzing the stock's data than they are?
You may be absolutely correct about Bitcoin AND this stock. You were since you bought it. But now that it has dipped back below 20% would you have SOLID reason(s) to reload in this stock at this point? Reasons that outweigh someone's not so bullish analysis?
I am not trying to discourage you about the stock at all -- I really hope it goes straight up for you!
I am simply saying that if your plan was to make the 20% and garner profits -- you made it. Now would you see you hitting this same stock twice for this profit in a year? This in effect doubles all of your risk. Each time this happens and you do not take the profit -- you have a greater chance of NOT making a profit in your time frame.
Then when you do decide your time frame has been exhausted and you have to sell at a loss, along with commissions, it will eat into your small bankroll.
All of this would be totally irrelevant if you were buying a stock for your 401k retirement-type investing. Then you would be buying a stock with the mindset of holding it for 10-20 years, etc.
I guess my issue is that when you go into something, supposedly for the short-term, to make a profit at a certain target and it reaches that target before your date -- you should strongly consider taking your profit. Otherwise, you bring more risk into play. You already have a lot of risk at play -- it is a volatile stock to start with, you are doing this venture with a limited bankroll, you have 50%~ of your bankroll in this stock, the stock is largely tied to Bitcoin (which itself is largely speculative), and there is reason to see this stock as over-inflated right now because of the Bitcoin connection.
But more importantly, you are assuming that you are going to be more correct than the 'experts' on this stock. These are people that do this day-in and day-out for a living. What is the overall consensus by them? I mean this with all due respect -- but are you better at analyzing the stock's data than they are?
You may be absolutely correct about Bitcoin AND this stock. You were since you bought it. But now that it has dipped back below 20% would you have SOLID reason(s) to reload in this stock at this point? Reasons that outweigh someone's not so bullish analysis?
I am not trying to discourage you about the stock at all -- I really hope it goes straight up for you!
I am simply saying that if your plan was to make the 20% and garner profits -- you made it. Now would you see you hitting this same stock twice for this profit in a year? This in effect doubles all of your risk. Each time this happens and you do not take the profit -- you have a greater chance of NOT making a profit in your time frame.
Then when you do decide your time frame has been exhausted and you have to sell at a loss, along with commissions, it will eat into your small bankroll.
All of this would be totally irrelevant if you were buying a stock for your 401k retirement-type investing. Then you would be buying a stock with the mindset of holding it for 10-20 years, etc.
That link will show one guy's outlook and breakdown on this stock. You can find many others. I would read as many as you can. It will help you make a more informed opinion.
That link will show one guy's outlook and breakdown on this stock. You can find many others. I would read as many as you can. It will help you make a more informed opinion.
You ask about my stock holdings, risk tolerance, and my plan.
I am in a very different situation than a lot of people as far as investing. I have been doing it for a very long time. I have done just about every type that you can do. I have studied it my whole life, lectured on it and taught on it, have written extensively on it, I know lots of people that are leading experts in many of the fields. But one of my main things nowadays is giving advice to folks, mostly when they do not ask for it. But it is always nice for me to see someone turn their future around and have good investments in place for them and their family.
I understand someone wanting to gamble, speculate, daytrade, pick the next hot stock. But you should never do this at risk to your long term investment strategy.
That is why I asked a couple of times if this was above and beyond your regular CPP and/or OAS? If this was also in addition to your own personal investments with stocks, etc.? If it is -- then that is great. But be prepared to learn.
I have found that it is best for long term to have a good mix of mutual funds with growth and income, aggressive-growth, international, emerging markets all included. Until this sort of thing is in place you should not be 'gambling' with your retirement and savings. Then you can diversify out with real estate and various solid ventures. Being diversified is a big key. For example, when markets all are flat or go down, do you have investments that are not as affected by this? Do you have stocks and some things that are not directly tied to stocks? Real estate, maybe some medals, maybe some bonds? Art is an example. Say paintings. Their correlation coefficient to the market is like .011 or close to that. I realize not everyone can afford art right away. But it is a great hedge and long term investment. There are a couple of markets that pool to do this investing so smaller investors can afford it. I am not sure it is for everyone. But the allure and diversity makes it a consideration.
Once this is fully in place and mostly hands-free, you can have fun trying to be your own speculator or mutual fund manager or hedge fund guy. But if your background and area of expertise is not in this arena you will have to learn a lot the hard and expensive way.
You ask about my stock holdings, risk tolerance, and my plan.
I am in a very different situation than a lot of people as far as investing. I have been doing it for a very long time. I have done just about every type that you can do. I have studied it my whole life, lectured on it and taught on it, have written extensively on it, I know lots of people that are leading experts in many of the fields. But one of my main things nowadays is giving advice to folks, mostly when they do not ask for it. But it is always nice for me to see someone turn their future around and have good investments in place for them and their family.
I understand someone wanting to gamble, speculate, daytrade, pick the next hot stock. But you should never do this at risk to your long term investment strategy.
That is why I asked a couple of times if this was above and beyond your regular CPP and/or OAS? If this was also in addition to your own personal investments with stocks, etc.? If it is -- then that is great. But be prepared to learn.
I have found that it is best for long term to have a good mix of mutual funds with growth and income, aggressive-growth, international, emerging markets all included. Until this sort of thing is in place you should not be 'gambling' with your retirement and savings. Then you can diversify out with real estate and various solid ventures. Being diversified is a big key. For example, when markets all are flat or go down, do you have investments that are not as affected by this? Do you have stocks and some things that are not directly tied to stocks? Real estate, maybe some medals, maybe some bonds? Art is an example. Say paintings. Their correlation coefficient to the market is like .011 or close to that. I realize not everyone can afford art right away. But it is a great hedge and long term investment. There are a couple of markets that pool to do this investing so smaller investors can afford it. I am not sure it is for everyone. But the allure and diversity makes it a consideration.
Once this is fully in place and mostly hands-free, you can have fun trying to be your own speculator or mutual fund manager or hedge fund guy. But if your background and area of expertise is not in this arena you will have to learn a lot the hard and expensive way.
For example, guys like to bet on sports -- say NFL. People on here always ask who are good cappers to follow. People will inevitably tell them not to follow anyone -- but to study and do their own capping. This is very bad advice to me. Why would someone that does not have the time, or expertise, not want to follow someone that wins and knows and explains what they are doing? Most people have a regular job and family -- they do not have the time to study a certain sport and become an expert in betting on it -- this takes a lot of time. They just want to win and have fun. Then when it is NHL or MLB season they need to know those inside out as well?
The same thing with this portion of your 'investing'. You should be able to find you some folks that know what they are doing and see why they are recommending certain stocks. Learn from them until you are comfortable picking your own. Learn when to get out of a trade also. Do not be hard headed and think you know more than the market does about what a stock should do.
Then you can pick and choose your own single stocks to 'invest' in.
I rarely buy individual stocks anymore. I will recommend some to folks from time to time. I will from time to time daytrade the stock options on them.
For example, a while ago I told some I like Boeing, US Steel, Merck, Intel, Apple, Corsair, Ford. Some I was right on, some I was mostly right on, some still up in the air. I think for sure I was wrong on Intel. But those are the types I look at to find chances with for investing.
So, my risk tolerance is very aggressive for longterm investing, when younger especially. But I am willing to be somewhat risky with gambling-type things I see as interesting and reasonable.
But I also like to 'invest" in a hot stock someone likes or suggests. Guy a while back had a PPE stock he liked because of Corona -- it did well for a time. I am interested in these types of ideas. For example, I am intrigued by Bitcoin but have never had any. If it ever made it back to a ridiculous price I would think about it. I just see it as too speculative and bubblish. That is part of the allure for folks though. That is why people play parlays in sports. I understand that part as well.
So, I am not knocking you changing the plan --IF your longterm investing is in place AND you are fully confident you have researched and are sure of your analysis AND you know when it is time to cut and run.
For example, guys like to bet on sports -- say NFL. People on here always ask who are good cappers to follow. People will inevitably tell them not to follow anyone -- but to study and do their own capping. This is very bad advice to me. Why would someone that does not have the time, or expertise, not want to follow someone that wins and knows and explains what they are doing? Most people have a regular job and family -- they do not have the time to study a certain sport and become an expert in betting on it -- this takes a lot of time. They just want to win and have fun. Then when it is NHL or MLB season they need to know those inside out as well?
The same thing with this portion of your 'investing'. You should be able to find you some folks that know what they are doing and see why they are recommending certain stocks. Learn from them until you are comfortable picking your own. Learn when to get out of a trade also. Do not be hard headed and think you know more than the market does about what a stock should do.
Then you can pick and choose your own single stocks to 'invest' in.
I rarely buy individual stocks anymore. I will recommend some to folks from time to time. I will from time to time daytrade the stock options on them.
For example, a while ago I told some I like Boeing, US Steel, Merck, Intel, Apple, Corsair, Ford. Some I was right on, some I was mostly right on, some still up in the air. I think for sure I was wrong on Intel. But those are the types I look at to find chances with for investing.
So, my risk tolerance is very aggressive for longterm investing, when younger especially. But I am willing to be somewhat risky with gambling-type things I see as interesting and reasonable.
But I also like to 'invest" in a hot stock someone likes or suggests. Guy a while back had a PPE stock he liked because of Corona -- it did well for a time. I am interested in these types of ideas. For example, I am intrigued by Bitcoin but have never had any. If it ever made it back to a ridiculous price I would think about it. I just see it as too speculative and bubblish. That is part of the allure for folks though. That is why people play parlays in sports. I understand that part as well.
So, I am not knocking you changing the plan --IF your longterm investing is in place AND you are fully confident you have researched and are sure of your analysis AND you know when it is time to cut and run.
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