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Posted On: 09/20/2017 12:01:01 PM
Post# of 41414
Investors who say "don't average down" are a bunch of morons. Wtf are we supposed to do, average UP like the idiots on IHUB?
People don't like to average down because they fear the price going down. However, in EVERY OTHER ASPECT of life, we enjoy lower prices. When gasoline goes below $2/gallon, people are happy. When something like the cost of flying on a plane decreases in price, people rejoice. If avocados get to 50 cents/pound, there will be a surge in avocado toast consumption.
So why do "investors" (I use that term loosely to describe these fools) not want to average down, when unlike every item I described above, stock has the opportunity to INCREASE IN VALUE. Avocados, gasoline, and flights are all a 100% loss on investment. Stock, however, offers infinite returns. Fruit isn't a productive asset. But stock can be, especially if it pays dividends.
I hope the individuals on this board use the last 10 months as evidence of how averaging down could've made you a lot more money. Hindsight is a total bitch, ain't she?
People don't like to average down because they fear the price going down. However, in EVERY OTHER ASPECT of life, we enjoy lower prices. When gasoline goes below $2/gallon, people are happy. When something like the cost of flying on a plane decreases in price, people rejoice. If avocados get to 50 cents/pound, there will be a surge in avocado toast consumption.
So why do "investors" (I use that term loosely to describe these fools) not want to average down, when unlike every item I described above, stock has the opportunity to INCREASE IN VALUE. Avocados, gasoline, and flights are all a 100% loss on investment. Stock, however, offers infinite returns. Fruit isn't a productive asset. But stock can be, especially if it pays dividends.
I hope the individuals on this board use the last 10 months as evidence of how averaging down could've made you a lot more money. Hindsight is a total bitch, ain't she?
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