If someone follows something like the Motley Fool, they advise someone to own 20 stocks to achieve diversification. 20 can do the job of diversification. As far as poor people gambling and why they do it look no further than the popular example of poor people buying lottery tickets. Rich people do not buy lottery tickets. There is also a popular book called the Psychology of Money that has entered the Zeitgeist which is probably a German word, ha, ha.
I hate Motley Fool! Why does it always pop up in my Google searches while I cannot even bash their half assed mediocre flawed analysis full of holes in them? I think there is an opportunity for a competitor to them. But what they do excel in is Google optimization.
To be fair, it was probably Charlie Munger who is being loosely quoted. Also, if Charlie Munger or Warren Buffet were investing with smaller sums of capital they would invest in fewer companies. They have spoken to the issues of investing large sums of money in the market. One issue is that it moves the market. They would be totally different investors if they were investing less money. Not everyone is a stock analyst like they are, but that is a different point.
Could have been Charlie as the interview had both in them, but I do think it was Warren.
Still, their definition of the amount of money needed to go beyond the 5/6 stocks is probably more than most of us have. And probably in the tens of millions. Unless we have it as a full time job.
You're talking about investing to someone who doesn't have significant capital. He has no significant assets to protect nor does he have the ability to use large capital to produce significant gains. It's the mentality of someone looking from the bottom up so the only tools he has are those of desperation. I was guilty myself when I was in my early thirties playing catch up to my peers. Even in 2022 when most tech heavy investors took big hits, at least my defensive positions held and I was able to absorb the huge losses so that the 2023 rebound wiped them out. Things change when you acquire more capital, when you have families to support, or when you approach retirement and risk tolerance changes. Without any of those things, I have a feeling he took huge losses in 2022 but didn't have the ability to wait out the storm so now he still seems desperate to find ways to recover.
I didn't hold any stocks in 2022.
Restarted in 2023 with Adobe.
I did trade a lot between 2009 and 2013 before I sold off and bought my apartment. Big wins and big losses, and high stakes. Even derivatives in raw materials and 5, 10,15 x trades. I run more safe now, thus 100% win rate so far. But as mentioned, not many trades yet.
When Germany always won at the end as told Gary Lineker. Uk
After 2 world wars, from 1972 til 1990 , Germany used to almost always win at the end, defeating magic Oranje on 1974 and French dream team best ever on 1982. But now, they already lost their number 13 magic Bomber and yesterday their leader Kaizer, when guys with spirit like Karl Heinz Forster finished since long time. When one of my model to learn to play modern football was Rainer Bonhof, when now square feet Rudiger, or no spirit like Leroy Sane or Gnabry and Germany don t win anymore. Another time. Nevertheless, I remember Oranje romantism on 1974, versus Berti Vogt who should have been kicked out after 1 mn for his intentional fault on magic Johan Cruijff, but it was in RFA, West Germany when was the wall. To listen to Pink Floyd for the wall.
What the pee pee brothers don't get is the big picture. They're clearly too blinded by range and desire to one-up and denigrate to have any meaningful discussion or hammer out the facts. Their personal flaws and insecurities clearly shine through as they seem obsessed to make irrelevant points as to who did what first, bought this at what price, blah blah blah, while the point from the beginning, the actual point that matters, is that there is a charlatan masquerading as an investing expert while making cringey boastful posts about investment prowess while never ever indicating any losses. Complete red flag of a fraud.
CCP Dumbfuck. "A point no one was making"? Who is the shitworm that claimed "I bought Intel even before you did" as if being earlier gives you some primacy. You are a retard, alright!
Mad lib. Trump. Coming from this Asian shitBing midget. My advice: Stick to your shithole country's politics.
Yes Mad Lib and Trumpian.
Surely you realize that the contents and pattern of your post indicates some form of Tourette's or being mental unhinged. Your obsession with me indicate an even deeper mental illness. My advice: 1. Deal with the fact that I'm a better American than you. 2. Get help bro.
LOL, this guy. So obsessed and triggered by me, some random dude on the internet, for over 3 years while arguing some random point because he's such a spaz and argues a point no one was making. The rest, same same rambling, mad lib blah blah.
Gives repressed liberal who really votes for Trump in secret vibes.
CCP Dumbfuck. "A point no one was making"? Who is the shitworm that claimed "I bought Intel even before you did" as if being earlier gives you some primacy. You are a retard, alright!
Mad lib. Trump. Coming from this Asian shitBing midget. My advice: Stick to your shithole country's politics.
If someone follows something like the Motley Fool, they advise someone to own 20 stocks to achieve diversification. 20 can do the job of diversification. As far as poor people gambling and why they do it look no further than the popular example of poor people buying lottery tickets. Rich people do not buy lottery tickets. There is also a popular book called the Psychology of Money that has entered the Zeitgeist which is probably a German word, ha, ha.
I agree with what you're saying. What I reacted to in the previous post was a lottery winner, if we are to believe him, who pretended to be an expert.
Or saves your worst picks. It's for a reason that global index funds are the safe choice.
If someone follows something like the Motley Fool, they advise someone to own 20 stocks to achieve diversification. 20 can do the job of diversification. As far as poor people gambling and why they do it look no further than the popular example of poor people buying lottery tickets. Rich people do not buy lottery tickets. There is also a popular book called the Psychology of Money that has entered the Zeitgeist which is probably a German word, ha, ha.
Or saves your worst picks. It's for a reason that global index funds are the safe choice.
To be fair, it was probably Charlie Munger who is being loosely quoted. Also, if Charlie Munger or Warren Buffet were investing with smaller sums of capital they would invest in fewer companies. They have spoken to the issues of investing large sums of money in the market. One issue is that it moves the market. They would be totally different investors if they were investing less money. Not everyone is a stock analyst like they are, but that is a different point.
Whatever you say, dumb CCP shit. Pushing mid 40's, broke, shame to his immigrant community, spending his last buck on a few cheap tutes and sleeping in rental cars. What a miserable life!
I sleep really good in white leather in my V8 S5 and when I push button to hear sound of thunder, I get hard. Funny in Germany, when I arrive behind, no need to make lightning, they go to the right when they hear V8 thunder and no Akrapovic I don't want, just more open to make engine breathing deeper and now also with admission like for race, rather than Audi shit plastic valves. Same shit than Haldex which want to kill You when You want to go over grip. I much prefer good old mechanic quattro, the real one.
Or saves your worst picks. It's for a reason that global index funds are the safe choice.
You're talking about investing to someone who doesn't have significant capital. He has no significant assets to protect nor does he have the ability to use large capital to produce significant gains. It's the mentality of someone looking from the bottom up so the only tools he has are those of desperation. I was guilty myself when I was in my early thirties playing catch up to my peers. Even in 2022 when most tech heavy investors took big hits, at least my defensive positions held and I was able to absorb the huge losses so that the 2023 rebound wiped them out. Things change when you acquire more capital, when you have families to support, or when you approach retirement and risk tolerance changes. Without any of those things, I have a feeling he took huge losses in 2022 but didn't have the ability to wait out the storm so now he still seems desperate to find ways to recover.
Given I wrote here when I bought and sold Adobe, as well as writing here when I bought, and just yesterday increased in Intel (at 46.94) suggests I'm not hiding any losses. Since you would know.
Never said anything about a supermodel, but she was prettier than most supermodels. I can say the same about alot of FKK girls.
By the way, on Tuesday I sold Adobe and bought Intel at 40.
As easy money as 40% gain on Adobe was. But Intel has an even higher potential from here. Everyone is out of chips.
I once broke up with a supermodel (she was too tall). And went to school with one miss universe girl, and worked with another. There were several sexier girls I knew at the time. Maybe two of them were 8's. Nothing more.
Says he's not a fraud by claiming he disclosed losses but seen here bragging about 40% Adobe gains when he sold and currently up 17% with Intel if bought at $40 and currently sitting at $47.
And then there's:
"Never said anything about a supermodel".
LOL, fool can't keep his own lies straight and apparently doesn't realize that internet histories exist.
I saw our resident cccp wannabe agent post3 d a screenshot of his trades a year or two ago. Can you repeat that with your Intel holding since 2015?
Maybe, but since the schwabb app only goes back 2 years, I guess you'll have to just settle for a 2022 purchase at $29.
Funny, dude brags about genius trendy stock gains when people who aren't desperate like him to grab quick poor man gains bought a lot lower. Irony is that I probably have more value in Intel in a play money account than he has in his entire portfolio.