Originally Posted by Hog's Gone Fishin:
My brother always says just buy a stock and forget about it. Look at it in 10 years. This shows exactly why that's not a good approach. AAPL and MSFT you could get away with it but not these so much. Lot's of profit got left behind here.
I think what people underestimate is the losses you receive from even big name companies in a down turn. The NASDAQ is only down 21% from it's all-time high.
These names are roughly down 71%, 78%, 64%, 69%. This is the danger/risk of owning individuals stocks. [Reply]
Originally Posted by Hog's Gone Fishin:
My brother always says just buy a stock and forget about it. Look at it in 10 years. This shows exactly why that's not a good approach. AAPL and MSFT you could get away with it but not these so much. Lot's of profit got left behind here.
I think VC money has changed the game some. I listened to books on Theranos and WeWork and I have one bough about Uber.
Everybody is trying so hard to get on the ground floor of the next Amazon they just don’t look at the business or the finances.
Maybe some of these tech stocks will roll. But like the Netflix one, anyone with half a brain would know they were reaching saturation. [Reply]
Originally Posted by Buehler445:
I think VC money has changed the game some. I listened to books on Theranos and WeWork and I have one bough about Uber.
Everybody is trying so hard to get on the ground floor of the next Amazon they just don’t look at the business or the finances.
Maybe some of these tech stocks will roll. But like the Netflix one, anyone with half a brain would know they were reaching saturation.
I wonder how much of an effect the Russian invasion had on Netflix?
I read it was 700k. But overall they were still down 200K subscribers domestically and they had forecasted +1.25M if I’m remembering the numbers properly.
So they lost money and did less business. That’s a pretty major shift from where they needed to be. [Reply]
Originally Posted by Buehler445:
I read it was 700k. But overall they were still down 200K subscribers domestically and they had forecasted +1.25M if I’m remembering the numbers properly.
So they lost money and did less business. That’s a pretty major shift from where they needed to be.
I also wonder how many subscriptions they lost in Ukraine. I imagine people were cancelling their subscriptions after their homes were blown up . [Reply]
Originally Posted by lewdog:
I've made a whopping 2 trades in the past 2 months in my brokerage account. No reason to give your money back when the market isn't trending in the right direction.
I'm still dollar cost averaging into my 401k at this time for index funds. I am making consistent contributions to my ROTH IRA but leaving some as cash for now.
I made my second purchase of the year on Friday. Both just index funds. I haven't bought an individual stock in quite a while. Bonds are going to have a historically terrible year, cash is a money loser, and stocks are stuck in a rough stretch for a while. Not fun
401k/IRA are separate. I don't have the apps and only look once or twice a year. [Reply]
:-) Damn, look at some of those average member drawdowns! This chart seems like an incredible quick look argument for indexing lol
Partially, anyway. Indexes naturally smooth out the spikes on either end a bit, so while they'll look better in bear markets, they'll look worse in bull markets. History tells us that overall they do a little better than 95%+ of portfolios with individual stocks, but it's not a HUGE difference like these numbers suggest. [Reply]
