02-25-2020, 10:26 AM
(02-25-2020, 09:55 AM)stockguru Wrote: I didn't mean any disrespect to anyone. The point I was trying to get across was to buy 2 shares of a company just because you in love with is all good. I understand its just fun to own 2 shares of LMT or 2 shares of NEE ect just to follow it. What I was saying is lets say NEE runs from $100 to $275. That's great you picked up $300 in profits. But If you really love a company why not just buy more instead of buying some company which doesn't have a track record? It just seems you leave all that money on the table of owning a company you really love and admire. I'm not rich by all means. I just try and out some money aside for retirement rather then leaving it in the bank lolI am completely on board with your system SG. Others are not and that's OK too. Another thing to keep in mind is our income re-investment strategies differ. I make considerable money on expired option premiums. So when you hear me say I picked up one share of LMT today, it might mean I just sold a couple of puts or calls and I have a few hundred dollar bills to throw around.
And I know alot of you own like 30,40,50 stocks. I just cant do that. My goal is to own 20 or so names that have a great track record and stick with them, I cant buy them all know matter how good they look which is why I brought up the 2 shares here or there thing lol
BTW, I added only one share of LMT and a few other stocks yesterday lol. Added, not started a new position, for exactly the reason I just stated. The hundred stock club members have dividends dribbling in almost every week. That stuff burns a whole in our pockets when the market goes down lol.