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Posted On: 02/01/2020 11:23:52 AM
Post# of 32694
I know a lot of us (including ne) are impatient about waiting for the SP to go up, but I also feel it is a blessing in disguise. A lot of us probably don't like waiting, especially when the "stupid is as stupid does" site has tenpin, orangepeel, and other "mama says" boys saying VERB needs to go back to the OTC. I guess it's so bad that they followed VERB all the way to NASDAQ and forgot they left their OTC home. Listen to the Dude. Go back home to papa. Papa is waiting for those boys on the OTC.
I started with a regular brokerage account when I first started investing in stocks. When I found out about self directed roth IRAs that would be both tax free and not have to pay capital gains I immediately started putting my money in that type of account. I'm limited on how much I can put in every year so the SP staying low helps me greatly increase my position and get the biggest bang for the buck, my buck.
Let's say the SP started to increase 5% a week starting tomorrow. My account balance would go up slightly over 5% because I would still be buying shares along the way (until I reached my $ limit for the year). Now let's say the SP hovers around where it is today for a month before increasing 5% a week. I would effectively have more shares because I could buy more with the same amount of money until the SP started to increase. My account balance would be lower the first month compared to the first example I gave, but would eventually overtake it as the SP started to increase due to there being more shares in my account. It would be similar to investing in a 401k at an earlier age.
How long do I expect to wait for the SP to go up before I sell? How long does one wait on their 401k before the withdraw? This is my investment stock for retirement that will supplement my 401k so I guess I'll find out a few years from now. I'm actually hoping that VERB will pay dividends down the road so I won't have to sell any stock for years to come. Rory did mention that it is on the plate as an option.
Looking forward to my next purchase as I impatiently wait...
I started with a regular brokerage account when I first started investing in stocks. When I found out about self directed roth IRAs that would be both tax free and not have to pay capital gains I immediately started putting my money in that type of account. I'm limited on how much I can put in every year so the SP staying low helps me greatly increase my position and get the biggest bang for the buck, my buck.
Let's say the SP started to increase 5% a week starting tomorrow. My account balance would go up slightly over 5% because I would still be buying shares along the way (until I reached my $ limit for the year). Now let's say the SP hovers around where it is today for a month before increasing 5% a week. I would effectively have more shares because I could buy more with the same amount of money until the SP started to increase. My account balance would be lower the first month compared to the first example I gave, but would eventually overtake it as the SP started to increase due to there being more shares in my account. It would be similar to investing in a 401k at an earlier age.
How long do I expect to wait for the SP to go up before I sell? How long does one wait on their 401k before the withdraw? This is my investment stock for retirement that will supplement my 401k so I guess I'll find out a few years from now. I'm actually hoping that VERB will pay dividends down the road so I won't have to sell any stock for years to come. Rory did mention that it is on the plate as an option.
Looking forward to my next purchase as I impatiently wait...
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