My advise at 75c three years ago, at $1 two months ago and still same at $3 now. This could be $2 next month or it could be $4. What you don't want to do if go all in now and then next month be down big, because it makes for very bitter shareholder. Add slowly over time and always have money to buy big dips. Just my opinions. Here are some previous quotes.
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Warren Buffet advise
https://www.cnbc.com/2018/12/17/warren-buffet...arket.html
1. Investing is a long game
“Now if they think they can dance in and out [of the market] and buy and sell stocks, they ought to head for Las Vegas. I mean, they can’t do that,” Buffett told “Squawk Box” October 2014. “But what they can do is determinate that there’s a number of solid American businesses, a great number of them, and if you own a cross section of them and particularly if you buy them over time, you basically can’t lose.”
Investing is a long game, he says.
“The best thing with stocks, actually, is to buy them consistently over time,” Buffett told “Squawk Box” in February 2017. “You want to spread the risk as far as the specific companies you’re in by owning a diversified group, and you diversify over time by buying this month, next month, the year after, the year after, the year after.”
Quote:Welcome to the board Newbieinvest0r!
If 10,000 is what you plan on buying in total, I would recommend adding over a few weeks. It is hard with the anticipation, but usually my rules with stock when is very volatile doing 20-30% swings up and down like cytodyn to stabilize my average. If 10k is a starter and you plan on adding more soon, than that is different.. jmo. If it spikes up, you may dislike this advise, it it drops you may like the advise, but I always save some $ to add.
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Quote:I started investing 3 years ago here, when it was at 75c, just to watch it fall to 25c. I added over time, keeping the faith, knowing leronlimab was special. Some others went all-in at 60c or 70c or 50c, many that did got bitter over the couple years watching their balance fall. We are close to approval, cancer results, etc, so I'm expecting good returns, a year from now I am expecting higher, but the path from $1 to $3 or $5 can be a windy road, next week it might be 70c or it might be 1.30. The best way to avoid that situation that happened to many is to add over time. All imo.
Read More: https://investorshangout.com/post/view?id=564...z6LPqmzLjC
Warren Buffet advise
https://www.cnbc.com/2018/12/17/warren-buffet...arket.html
1. Investing is a long game
“Now if they think they can dance in and out [of the market] and buy and sell stocks, they ought to head for Las Vegas. I mean, they can’t do that,” Buffett told “Squawk Box” October 2014. “But what they can do is determinate that there’s a number of solid American businesses, a great number of them, and if you own a cross section of them and particularly if you buy them over time, you basically can’t lose.”
Investing is a long game, he says.
“The best thing with stocks, actually, is to buy them consistently over time,” Buffett told “Squawk Box” in February 2017. “You want to spread the risk as far as the specific companies you’re in by owning a diversified group, and you diversify over time by buying this month, next month, the year after, the year after, the year after.”
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