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I guess I did the right thing: Atlassian IPOed in 2015 at $21, despite everyone suggesting to cash out, I wasn’t interested, and I sold only since 1 year betwee
by laurent92 5y ago
I guess I did the right thing: Atlassian IPOed in 2015 at $21, despite everyone suggesting to cash out, I wasn’t interested, and I sold only since 1 year between $180 and $320, and kept 1/3rd. BUT it keeps climbing, $480, so you aways feel like you’re missing something, whether you sell or not.
There is no right way of doing it, you’ll never sell at the top. At least the right moment is when you can use the money for a project.
- gryn 5y agosell half, keep half (or whatever ratio you're comfortable with)? that way if thing go bad they are not as bad as ending up with nothing and if they get better you still benefit a little bit.
- prox 5y agoMy econ teacher always said to keep the money invested you want to lose. Couldn’t you take out a sum, but keep investing a sum you dare to lose?
- OJFord 5y agoHence GP says 'diversify'. If you weren't an employee, or were one with no related stock in the company, would you buy so much, invest ~everything, in that (or any) one company? No? Well, don't treat holding differently to buying. It's the same, modulo fees & tax.
- amelius 5y agoMy econ teacher taught me nothing about personal finance. Is this normal?
- prox 5y agoI dunno, got taught in Europe, got micro, meso and macro in different years, and sometimes semesters. My econ teacher was also a bit weird in a good way, a real character with a lot of knowledge. Ofcourse I didn’t do anything with it, wish I had.
- tata71 5y agoMichael Saylor says only invest the money you can't afford to lose. This is likely closer to reality, if one is cryptocurrency savvy.
- prox 5y agoI don’t really get this point… how does that work?
- tata71 5y agoIf you can afford to lose your money, don't invest it into cryptocurrency and keep it as USD or other fiat.
- randomopining 5y agoAll the ghost industries like US airlines kept afloat by money printer go bur. It keep going and the intrinsic value of a BTC go up. (Numba go up)