02-02-2022, 12:29 PM
(02-02-2022, 12:10 PM)kered Wrote: Everyone buying STOR. I know it's a long game, i still have 20-30 years left but its hard for me to buy something at $31 when my avg cost is $17. I really started buying my stocks March 2020 so pretty much everything i buy is gonna raise my average. Have to bite the bullet eventually on some stuff to bring me back in balance.Jimmy Cramer has this one right. "we don't care where a stock has been..."
Google and Amazon traded for $100 some years back. It was OK to average up. I would assemble a large watch list. When something approaches your buy price recheck your research and add some. If you only concentrate on distressed stocks that look cheap today you may end up with a distressed portfolio. If you are averaging way up, a small purchase may make sense.