P
ProVobis
Guest
Good thing you invest in S&P500. If you had invested in Enron or Lehman Brothers, for example, you would have $0 moving forward.
- Status
D
dochawk
Guest
See my above post about learning diversification.
Been there, done that.
Fortunately, only lost a couple of hundred while young.
(and my own are somewhat more aggressive than S&P, but still all funds instead of individual stock. Then again, the last individual stock I considered was Apple in the late 90s. I figured it would get taken over and broken up [it did make the best quality hardware], and estimated $20 for the bid. So I was waiting for $13.50 a share, to get about a 50% return, and was going to put about $5k of my retirement there. But it never got down to $14. Had I settled for $15, it would be worth more than half a million today . . .)
Been there, done that.
Fortunately, only lost a couple of hundred while young.
(and my own are somewhat more aggressive than S&P, but still all funds instead of individual stock. Then again, the last individual stock I considered was Apple in the late 90s. I figured it would get taken over and broken up [it did make the best quality hardware], and estimated $20 for the bid. So I was waiting for $13.50 a share, to get about a 50% return, and was going to put about $5k of my retirement there. But it never got down to $14. Had I settled for $15, it would be worth more than half a million today . . .)
P
ProVobis
Guest
I know that feeling. I could have bought Berkshire Hathaway at about $19000 when I actually had money to blow. It’s 340,000 today.
L
littlekitten
Guest
you can still buy Berkshire Hathaway Class B (BRK.B), it only $226 now.
P
ProVobis
Guest
Makes for a nice Christmas gift, I guess.
J
JimR-OCDS
Guest
I used $50,000 merely as an example
Anyway, you’re putting me to sleep, which is why I never got rich.
Anyway, you’re putting me to sleep, which is why I never got rich.
D
dochawk
Guest
it works for any amount, and for any reasonably long time period. I took your 20 years and $50k and made a monthly amount that came to a similar number . . .
To get non-similar results, you really have to cherrypick a short time period.
I was actively watching the price, waiting for it to hit my trigger.
I really hadn’t considered the possibility of an actual recovery by apple. Really, now, who would have contemplated apple spending $400M to acquire Jobs back? (and got a free operating system they badly needed as a bonus!). Jobs engaging in a hostile takeover, perhaps, but . . . [and even then, it only happened because Be thought they had apple by the short hairs and demanded a truly ridiculous price for itself . . . and apple noticed that they could buy Jobs/NeXT for that price, did it, and Be pretty much dropped to zero and became a footnote]
To get non-similar results, you really have to cherrypick a short time period.
But this wasn’t simply “could have.”
I was actively watching the price, waiting for it to hit my trigger.
I really hadn’t considered the possibility of an actual recovery by apple. Really, now, who would have contemplated apple spending $400M to acquire Jobs back? (and got a free operating system they badly needed as a bonus!). Jobs engaging in a hostile takeover, perhaps, but . . . [and even then, it only happened because Be thought they had apple by the short hairs and demanded a truly ridiculous price for itself . . . and apple noticed that they could buy Jobs/NeXT for that price, did it, and Be pretty much dropped to zero and became a footnote]
- Status