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You sold because you were afraid of another "double dip" that didn't happen, and now you think you had "pretty good forward-sight"? "You should have held on to
by drm237 16y ago
You sold because you were afraid of another "double dip" that didn't happen, and now you think you had "pretty good forward-sight"?
"You should have held on to it" is not hindsight, that's typically stock market investment advice. Unless a company's stats have changed to the point where it's now a bad investment, you should hold it and ride out the storm.
- tastybites 16y agoYes, the entire point of my original post is that I am a terrible stock market/retirement investor and a much better small business person. You must have missed the part where I didn't sell at the bottom, started a profitable company, liquidated the equities to invest into myself at +60% off lows, and then came out ahead 2.5 years later. 'Oh you should have held' is hindsight advice, it's not real advice. It isn't even really saying anything at all. It's just something you say after you hear someone's story about how they lost money.
- drm237 16y ago> 'Oh you should have held' is hindsight advice, it's not real advice. I think Warren Buffett would disagree with you.
- tastybites 16y agoI'm not sure how many posts it's going to take to tell you I did hold on, and that's why I didn't go broke and had the money to investment into my own biz. I think at this point you're just trolling me now, so I'll end it with one more point: If you know anything about Warren Buffett, you'd know his main thesis is to invest in only the things you understand. That's the advice I ultimately followed to end up in a better place. Holding onto investments that you don't understand is not his advice at all - that's just a shitty platitude.