I agree, I only invest in companies I believe in a
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Posted On: 05/03/2018 12:57:05 AM
Re: freedomdreamer #13106
I agree, I only invest in companies I believe in and if I'm wrong, I'll live with the loss. I do know of people who've lost on a stock and can't get over it, they almost continuously bash those who manage the stock.
I don't know that they're honest about what they're saying, but that's the story I've heard from more than one dissatisfied stockholder.
In the case of OWCP I can understand someone who invested at near the high harboring hatred for what's been lost, and if they sold they have an actual loss. If not, it's a paper loss and the question is, what to do about it. As long as they still believe in the company, I'd certainly want to bring down my average price. Without spending too much more I could certainly bring it under $1 which I'd feel comfortable with profiting in time.
My very first involvement with stock was when I was perhaps 10 years old and my father bought me stock in a petroleum company. The stock went down dramatically and I followed it, but finally it turned around and was quite profitable. My dad, unfortunately sold when it broke even and put me into a mutual fund which you might have guessed, failed miserably. When I finally got to handling the stock myself it was worth almost nothing, but I did initiate a relationship with investing that has grown from that date.
My dad made one of the biggest mistakes that many investors make, hold a stock that goes down without either lowering the average cost, or taking a loss and gaining a tax advantage, but then sold when it was just break even. I had watched the company go to five times what he bought it for before he told me he sold when it broke even. It was about 65 years ago, but it was certainly a lesson in how not to invest. I no doubt make the mistake of believing in my investments, and I'll hold them as long as I still believe, but only holding until you're break even is probably the biggest mistake investors make in companies that are moving to where they believed they would in the first place.
Gary.
I don't know that they're honest about what they're saying, but that's the story I've heard from more than one dissatisfied stockholder.
In the case of OWCP I can understand someone who invested at near the high harboring hatred for what's been lost, and if they sold they have an actual loss. If not, it's a paper loss and the question is, what to do about it. As long as they still believe in the company, I'd certainly want to bring down my average price. Without spending too much more I could certainly bring it under $1 which I'd feel comfortable with profiting in time.
My very first involvement with stock was when I was perhaps 10 years old and my father bought me stock in a petroleum company. The stock went down dramatically and I followed it, but finally it turned around and was quite profitable. My dad, unfortunately sold when it broke even and put me into a mutual fund which you might have guessed, failed miserably. When I finally got to handling the stock myself it was worth almost nothing, but I did initiate a relationship with investing that has grown from that date.
My dad made one of the biggest mistakes that many investors make, hold a stock that goes down without either lowering the average cost, or taking a loss and gaining a tax advantage, but then sold when it was just break even. I had watched the company go to five times what he bought it for before he told me he sold when it broke even. It was about 65 years ago, but it was certainly a lesson in how not to invest. I no doubt make the mistake of believing in my investments, and I'll hold them as long as I still believe, but only holding until you're break even is probably the biggest mistake investors make in companies that are moving to where they believed they would in the first place.
Gary.
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