How Can I Screw This Up?

[rayray]

(08-03-2021, 04:05 PM)fenders53 Wrote:

(08-03-2021, 03:52 PM)ken-do-nim Wrote: My biggest monetary blunders are:

• getting divorced
  
• as an early investor, I thought you "buy low sell high" so I would find a bargain stock, set my sale price, and hold until it met that price.  Bought Apple at $20/share when they came out with the ipod, sold at $30... it would be worth millions today
  
• cashed out some company stock options too soon, again lost out on millions had I waited longer
  
• got bored owning this "online bookstore" called Amazon, and this electric car company called Tesla, and this movie company that mailed you dvds called Netflix, and sold them and moved on to other things... yeah, millions here too.
  

Good post.

I never seriously considered AMZN before I bought shares at $1500.  I was around IPO day and it popped to $50 in a hurry as I recall.  No hope of a profit soon.  Bezos actually wore spurs, holster and six shooter to an early conference call and I didn't take him even a little serious.  I don't blame myself for that too much but by 2006 it was pretty clear they were dominant in retail.  I've never seen a company take so long to be profitable.  Revenue growth matters.

I definitely remember contemplating buying APPL at $7.50.  MSFT was winning then and it really looked like APPL was about to be irrelevant.

I would have taken my profit during GFC so it wouldn't have mattered anyway.

oy vey to both posts

i have some oy veys too...

that's why i'm very hesitant to sell certain stocks--almost better to let them go to zero