Boiler Room: The Official Stock Market Discussion
@KING WILL
I was just looking back at my original post to start this thread. There's a great lesson there in the value of investing in an exceptional growth company (Apple).
In 2012, I had 65 shares of Apple. I worked retail through college and took Employee Stock as part of my pay. I maxed out the contributions. I ended up making more on the stock gains than I did with my part time wages for the year. I think I put in 5-6k and ended up turning that into 30k. That took about 4 years to get those gains (Apple was just starting to take over everything, I started collecting shares before the iPhone came out). So lesson 1, if you have the option for stock in the company you work for, and you believe in its potential for growth - take the equity and let it work for you.
I ended up selling all my shares in late 2013/early 2014 and pocketing that 30k (25 profit) and starting a business with it. It worked out very well but in hindsight I should have left the stock sit in my account. Those 65 shares would be 455 shares after the 2014 split. That would be about $190,000 today. In 8 years I would have turned 6k into 190k. (That's a 30x+ flip)So lesson 2, if you have an amazing stock - don't overthink it and let it do its magic. Long term the great companies always shine.
side note: Apple Retail let you put aside I think 5-10% of your paycheck and let it go towards stock. Then they would give you 15% off the lowest price of either the start or end of the quarter. You would literally make gains instantly when they awarded your options. I still have a few friends that either work there or still have their stock and some of these dudes that were making $15/hr for years now have 3-400k in AAPL stock that they got for pennies.
VFib
All Star
I’m hoping TRVN will shoot up something ridiculous on Monday and Tuesday like Kodak did so I can sell it and buy more Apple.
Chrishaune
Veteran
KalKal
Superstar
It's an ETF made of Treasury Bonds. I'm going to admit that I don't fully understand how it works, but it did a GREAT job of keeping my balance up when literally everything else I owned was falling off a cliff in March. When stocks die, it goes up.
thats happening end of august when it splits
So if the split is $115, I want to get in below $100 breh. $90 would be awesome.
There has to be a major correction down the road. Im dollar cost averaging with my m1, but i wanna get in heavy with my fidelity. So I'll wait patiently till the market crash.
the cac mamba
Veteran
maybe you're right
Saysumthinfunnymike
VOTE!!!
Don't wait around for a crash, there's been people waiting since April.. lol
Little word of advice Kodak isn’t the norm when shyt jumps. Usually shyt might get pumped to 8 to 10, but if you’re holding for $50 then I have some beachfront property in STL on sale for you.
who_better_than_me
Time to go!!
A split is technically a correction.
who_better_than_me
Time to go!!
Not to mention the thing abo these fda approvals is typically they’re followed by an offering And price tankingto raise money for marketing. Yeah it got approved but now they have to commercialize it and get it in the market. I don’t expect Kodak. I’d be content. With 5-7. That would net me $3000
@ill been trying speak a crash into existence for the longest. People are over the coronavirus. A lot of people are just going about their lives at this point.
I saw so many people out and about this week and weekend. It was mindblowning to me when I saw so many people on the freeway when I was going to work at 10am the other day. I was like it’s usually thin as fukk on the road when I’m going to work at this time. I’ve never seen so many cars on the road at that time.
I’m in LA, so if we can use traffic as metric for the economy we expect gas as well as other entities to start going up.