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Warlock1

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Xring01 said:
Exactly my thoughts….

To go back in time… AMZN… (the below facts are not going to jive, if you try to look this up, because of all the splits it has done since I did this ).

I watched it run from $80 arena to $225… hoping for a pull back to get in,,, fucker never pulled back much… kept running..
At 225, I finally pulled the trigger on 25% buy,,, it wouldnt pull back much. Climbing higher, shit bought another 25%, and it goes higher, does this all the way to $425 ish… and I am fully in… took months to get there…

Guess what.. fucker pulled back to $250… and I am way upside down.. Again, I was very new to the game at that time. But I did the one thing that I didnt want to do…

DOUBLED DOWN… meaning I went 2x more than than what I wanted to have in that one position, to reduce my cost/share price. I believed in the long term AMZN story… when I was finally at the “break even” stock price, I sold 50% of my holding, to give me the position I wanted. Yes.. in hindsight that was not to smart, or selling all of it when I doubled my money…

Lesson learned: None of us have a crystal ball. One thing I do know for sure, If you buy a stock as an investment, then you better believe in the market/story its in. Because all stocks will test you over time… Just read C-ya’s posts. He had the balls to hold long term, and he benefitted from it.
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Appreciate the insight. I am just trying to finally make some smart money decisions so I can retire comfortably in 10-15 years. I am a sponge at this point and just want to learn the right things to watch for. Thanks all..
 
Xring01

Xring01

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Warlock1 said:
Appreciate the insight. I am just trying to finally make some smart money decisions so I can retire comfortably in 10-15 years. I am a sponge at this point and just want to learn the right things to watch for. Thanks all..
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Retirement 101…for the average employee… (stated it because business owners have different strategy).

Pay your self first… if you can Max out your 401K, because thats tax free up front. Thats an imediate inflation beating strategy because of no tax’s even if you putting the investment into bonds. (BTW I have my 401k in things like SP500).

After you max out the 401K, then start looking at other avenues.

Unless your a entrepreneur, or have other types of income revenue stream strategys (real estate or ____________).

When I say I have one spreadsheet of all my monthly expenses/annual expenses, income, xmas budget, vacation budget, etc etc etc, 401ks, investments, mortage payoff dates, emergency fund, etc etc etc… 1 yr goals, 5 year goals, 20 year goals, all on one excell speadsheet… and I update it QTRLY. My wife and I discuss where we are at, and where we need to be, and where our priority’s are… The best tool in the world to eliminate financial issues with your spouse.

If you are both looking at the same numbers, working towards the same goals, and meeting both of your needs. Most financial planning issues dissappear.

When we first got married 30 years ago… we literally put new vacuum cleaners and new BBQs as annual goals, kids sports costs, we planned in advance. Back then if we didnt pay attention to monthly budget, then we would have to put xmas budget on credit cards. Thats just stupid, yes, I paid that stupid tax a time or two. But I did learn from my mistakes, not soon enough, but I did learn a thing or two over the years.
 
clarence

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Xring01

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I think I found a company that could have a bright future…
They are not publically traded, but my suspensions are they will in the next few years, or get bought up by a big player…

Start watching Nanograph… and Silicon Graphene battery technology.

Nanograph is already getting Military contracts to develop next generation battery’s.
Their tech is supposed superior to LION, in many many ways, 10-15% lighter, 20-30% better energy efficiency and can charge 10x faster. This is crucial to soldiers in the field. Meaning Gov will throw some $$$ at this problem/solution.

I am not saying if they go public tomorrow I am all in… NOPE NOPE NOPE…
What I am saying, Put this on your radar, do some research on Nanograph, figure out if their competitors (who might be publically traded) have a better product, can the tech be economically developed to market demands?… etc etc etc.

Those who think investing is easy… well now you see the kind of homework/time it can take…
 
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PaPaG

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C-Ya said:
FWIW……….

I thought I was the guy that brought PLTR to the attention of RDP.

So far……… I have tripled my investment since I first promoted PLTR.

Dont ask how much I own………. It’s bad enough that RDP knows how many NVDA shares I own. That’s the price I payed for being happy one day, last February. lol

Let’s just say……… my PLTR buy was significant. It was a good move too!
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I loved trading PLTR, the ups and downs were amazing for a day trading, I did both PLTR and SOFI with huge positions on over two dozen trades, made more than I thought possible BUT I WISH KEPT BOTH NOW lol...
 
C-Ya

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This is not bragging. This is what happened to me when I invested long term with NVDA. In 2013 I purchased 1000 shares at just over $19 per share. Because of the stock splitting, those shares have turned into 40,000 shares.

On November 10th, 2023 my 19k investment that I made in 2013 had turned into $1,800,400. My wife and I were walking on the moon. It was unbelievable! But, rather than take out a nickel of that good fortune, we let it ride. Just in the past year, that $1.8 million turned in $5,905,200, which means that it went up $4,104,800 in just 1 year. (Or $11,246 per day).

It took 10 years for it to get to 1.8……. Then only a year to more than triple that.

In case you are wondering………. We will continue to let it ride! I doubt it will triple again in a year, but i will still hope and prey that it does. lol

I post the above because of my Cinderella story, but also to let others know what is possible.

The nice thing about my Nvidia holdings is that I never had to rent it, remodel it, evict it, insure it, or pay yearly taxes on it. I just sat back and enjoyed the ride………
 
CLdrinker

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So I did some YouTube research last night.

Elon / Vivek are tasked with eliminating government waste. How do you do that?
Data.
Who has a Software that is designed to read Data to create efficiencies but still does not give access to that data that is privileged information?

Palantir

Joe Lonsdale was recently in an interview where he said that he believes that 1/3 of the US economy could benefit from the use of his software. So much so that he believes he could eliminate the US debt.

Joe is a founder of Palantir and guess who is Joe’s buddy? Elon.

Palantir is already widely used by the government. So seems like a slam dunk.

But hey WTF do I know.
 
C-Ya

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CLdrinker said:
So I did some YouTube research last night.

Elon / Vivek are tasked with eliminating government waste. How do you do that?
Data.
Who has a Software that is designed to read Data to create efficiencies but still does not give access to that data that is privileged information?

Palantir

Joe Lonsdale was recently in an interview where he said that he believes that 1/3 of the US economy could benefit from the use of his software. So much so that he believes he could eliminate the US debt.

Joe is a founder of Palantir and guess who is Joe’s buddy? Elon.

Palantir is already widely used by the government. So seems like a slam dunk.

But hey WTF do I know.
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The above is why I depend on qualified analists predictions. Mainly because I don’t know.

Motley Fool got me to invest with NVDA. Since that has been so successful, I jumped on the PLTR train when they recommended it. I continue to read their future predictions of PLTR. That is why I continue to hold.

So far……… I have been very happy with my “paid” membership to Motley Fool. I highly recommend others do the same. Look at what it did for me! Again………. I am no genius. I only know how to read. lol
 
CLdrinker

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C-Ya said:
The above is why I depend on qualified analists predictions. Mainly because I don’t know.

Motley Fool got me to invest with NVDA. Since that has been so successful, I jumped on the PLTR train when they recommended it. I continue to read their future predictions of PLTR. That is why I continue to hold.

So far……… I have been very happy with my “paid” membership to Motley Fool. I highly recommend others do the same. Look at what it did for me! Again………. I am no genius. I only know how to read. lol
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You don’t do any research or understand what the companies do before you follow Motley Fools recommendations?
 
C-Ya

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CLdrinker said:
You don’t do any research or understand what the companies do before you follow Motley Fools recommendations?
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Motley Fool brings certain stocks to our attention. From there, it is up to us, to do our due diligence.

If you knew how little we knew about NVDA when we first purchased it, you would be amazed. We thought we were investing in a sensor company, not a chip manufacturer. We only knew 1 thing. We read that Nvidia‘s product would be needed for automated cars. At that time, we believed that automated cars was going to be a thing, so we bought the stock. That’s it.

CLdrinker, I learned more in your post today about PLTR than I have gotten from the analyst predictions. I chose not to mire myself in the details. lol I just care about the trajectory……..
 
CLdrinker

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C-Ya said:
Motley Fool brings certain stocks to our attention. From there, it is up to us, to do our due diligence.

If you knew how little we knew about NVDA when we first purchased it, you would be amazed. We thought we were investing in a sensor company, not a chip manufacturer. We only knew 1 thing. We read that Nvidia‘s product would be needed for automated cars. At that time, we believed that automated cars was going to be a thing, so we bought the stock. That’s it.

CLdrinker, I learned more in your post today about PLTR than I have gotten from the analyst predictions. I chose not to mire myself in the details. lol I just care about the trajectory……..
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Interesting. I won’t buy anything unless it’s a household name or I do tons of research.
 
CLdrinker

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Translation?

It’s jumped $2 after this announcement.

IMG_5661.jpeg
 
CLdrinker

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Must have been good news. Heading towards $65
 
Xring01

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CLdrinker said:
I’m shocked it hasn’t pulled back. I want a pull back so I can load up. Just don’t want to buy the day the run ends lol
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I am still holding…

At this valuation, combined with how fast its climbed in a short period….


I see more down potential, than up potential. The PE Ratio is insane, even for a speculative stock.

If I do anything… that would be to cash out, hoping for a 20 % downturn, then get back in.

For now I am holding, hoping it calms down a bit. If it does another up 3-5% total in the next few trading days, I will probably take my profits and hope for a major correction.
 
gqchris

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coolchange said:
For a minute lol. What’s the rest of your predictions say? It’s gonna go up, then down, then up….👍😀
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Im down 1k in just a short few minutes :) HEHEH, I'm watching what Xring does, keep us posted!
 
gqchris

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CLdrinker said:
It was bound to happen. Just when where how much and when is the right get back in time.

All that shit never works out for me timing wise. So I’m just holding forever through good and bad. Smile during the good buy during the bad.
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You and I trade the same sir, I can never time shit!
 
CLdrinker

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gqchris said:
You and I trade the same sir, I can never time shit!
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I have lost my ass on trying to time.

I sold a boat load of Apple,Visa, Amazon and VUG this time last year all because Michael Berry said the crash was near and he was shorting Billions.

So I cut my account in half. FML if i didn’t listen to that bull shit I would be up another 10k probably.
 
coolchange

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Let it establish a bottom, I might come in for a little more. Or sell and get more sofi
 
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I don’t know that I want to but anything yet but I have a large chunk of my vacation check to invest… or pay down the rv loan. I dunno I gotta really sit down and make a plan
 
C-Ya

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CLdrinker said:
I have lost my ass on trying to time.

I sold a boat load of Apple,Visa, Amazon and VUG this time last year all because Michael Berry said the crash was near and he was shorting Billions.

So I cut my account in half. FML if i didn’t listen to that bull shit I would be up another 10k probably.
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Don’t listen to those that “short” stock. They are not Analists. They are motivated by getting others to sell. It’s always doom n gloom to a short seller. That’s how they make money.
 
coolchange

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BHC Vic said:
I don’t know that I want to but anything yet but I have a large chunk of my vacation check to invest… or pay down the rv loan. I dunno I gotta really sit down and make a plan
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RV is a guaranteed 20% return…..
 
Xring01

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CLdrinker said:
It was bound to happen. Just when where how much and when is the right get back in time.

All that shit never works out for me timing wise. So I’m just holding forever through good and bad. Smile during the good buy during the bad.
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This is what I thought/hoped would happen…
It needs to calm down awhile, before it can make another run…. So I am still holding…

As I mentioned in post #74, If PLTR went up today a few percentage point, I would have most likely sold it.

A price correction after the recent run up over the last few months… is good for PLTR in the long term.

The key PE ratio me is 400… very very few stocks can pull that off… GOOG, AMZN on the initial run ups. I am not saying PLTR is GOOG or AMZN, but a PLTR has a current PE ration of 309 which is still stupid high for SP500.

I want to own this for the long haul, I truly do, but the moment it starts throwing me red flags, I will take my profits and run… hope for a big pull back.
 
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