01-08-2018, 09:16 AM
I understand how you feel, I get it. At a time I'd be right there with you.
My first individual stock investments we're Exxon, Paychex and Verizon. I then moved to foreign mutual fund investments and some Dot-Com stocks, I also cashed out and bought my first home. Needless to say I made horrible financial decisions. I should have kept all three stocks. After that, the dot com bust I was afraid to buy individual stocks, any of them, so I stayed with mutual funds. Eventually buying Markel (MKL) that I hold to this day. During the real estate/financial bust I was fighting cancer, didn't eat or work for over 6 months and saw my kplan/ira investments go from 212k to 104k...close buddies begging me to cash out and save what's left. I didn't care, all I wanted to do was "live" money did not matter. Now, of course, when I had a chance to buy BTC and invest 100 bucks, due to my circumstances I had less then 400 bucks in my checking account, it was a lot of money to me at the time, 100 bucks. My investment philosophy is to buy a quality company, at a fair price, look for that dividend and never sell (at least try not to sell). I've done well the last few years, maybe most of us who stayed the course. When I look at BTC and the likes I don't see what I might make but rather what I may loose. It's true, for the average Joe, and I'm a average Joe...making a million dollars is hard, the next hardest thing is not to loose that million dollars. My goal is to not loose that million dollars, my goal is to grow those dollars with my system that has treated me well. The cryptocurrency price fluctuations make me feel queasy, plus I like having easy access to my dollars. Some of my brother-in-law's money is not accessible for almost a year? What? GTFOH. Not my money. I made mistakes along the way, and I'll make some more mistakes, but I don't gamble, I didn't save 1 plus million by gambling or FOMO.
Anyone who made thousands or millions with crypto....great. But, do you know anyone who walked away with the cash in hand? I don't...because everyone I know is letting it ride, that's gambling not investing.
This cryptocurrency arena is being manipulated by crooks, to think otherwise is having blinders on...if I'm a crook, a smart crook I'm walking around with a boner right now, cause I'm doing a lot of...you know what. Decentralized digital investments...it's a crooks dream. People will make money but a lot of people will loose money too. Not me, I'm plugging away to 2 million without BTC and the likes.
My first individual stock investments we're Exxon, Paychex and Verizon. I then moved to foreign mutual fund investments and some Dot-Com stocks, I also cashed out and bought my first home. Needless to say I made horrible financial decisions. I should have kept all three stocks. After that, the dot com bust I was afraid to buy individual stocks, any of them, so I stayed with mutual funds. Eventually buying Markel (MKL) that I hold to this day. During the real estate/financial bust I was fighting cancer, didn't eat or work for over 6 months and saw my kplan/ira investments go from 212k to 104k...close buddies begging me to cash out and save what's left. I didn't care, all I wanted to do was "live" money did not matter. Now, of course, when I had a chance to buy BTC and invest 100 bucks, due to my circumstances I had less then 400 bucks in my checking account, it was a lot of money to me at the time, 100 bucks. My investment philosophy is to buy a quality company, at a fair price, look for that dividend and never sell (at least try not to sell). I've done well the last few years, maybe most of us who stayed the course. When I look at BTC and the likes I don't see what I might make but rather what I may loose. It's true, for the average Joe, and I'm a average Joe...making a million dollars is hard, the next hardest thing is not to loose that million dollars. My goal is to not loose that million dollars, my goal is to grow those dollars with my system that has treated me well. The cryptocurrency price fluctuations make me feel queasy, plus I like having easy access to my dollars. Some of my brother-in-law's money is not accessible for almost a year? What? GTFOH. Not my money. I made mistakes along the way, and I'll make some more mistakes, but I don't gamble, I didn't save 1 plus million by gambling or FOMO.
Anyone who made thousands or millions with crypto....great. But, do you know anyone who walked away with the cash in hand? I don't...because everyone I know is letting it ride, that's gambling not investing.
This cryptocurrency arena is being manipulated by crooks, to think otherwise is having blinders on...if I'm a crook, a smart crook I'm walking around with a boner right now, cause I'm doing a lot of...you know what. Decentralized digital investments...it's a crooks dream. People will make money but a lot of people will loose money too. Not me, I'm plugging away to 2 million without BTC and the likes.