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Man, I bought some stock a bit after IPO, it dropped a bunch, and I idiotically sold later at a slight loss in 2013 after people all around me constantly went o

Man, I bought some stock a bit after IPO, it dropped a bunch, and I idiotically sold later at a slight loss in 2013 after people all around me constantly went on about how they would never make money. It's now worth 17 times what I sold at. I also remember around Google's IPO people questioning how they'd ever make money.

neverokay 3y ago
Sucks right? Life gets lifey.
kirubakaran 3y ago
I used to pay a lot of attention to the comments of certain HN users who made well reasoned but (with the clarity of hindsight) mostly doomer predictions about various topics. I wish I hadn't listened to them.
- epolanski 3y ago
  To be fair if counter arguments put you off it means your own weren't that strong. It's good you have that attitude otherwise it would be gambling.
MangoCoffee 3y ago
i believe FB is a fad at that time. Who knew it make that much money and still going.
- ilrwbwrkhv 3y ago
  "They trust me, dumb f*cks" - Mark Zuckerberg laughing all the way to the bank.
  - lotsofpulp 3y ago
    People who have a good enough memory to recall the dumb things they thought and said at age 19 also laugh.
chasd00 3y ago
i think i sold my apple stock at $10/share. I also had my finger on the buy button for AIG at around $1/share in the depths of the financial crisis but didn't do it. Now I just stick to code, my 401k, and company RSUs heh.
- ambicapter 3y ago
  I bought Apple stock 2 years ago and it's been flat since then, with me at a slight loss. So the golden tech stocks aren't always so.
  - deleted 3y ago
    [deleted]
adtac 3y ago
You would've probably sold it when it doubled. Or 4x. If you still hadn't sold it at 17x, you'd probably never sell it, so it's not liquid anyway.
mFixman 3y ago
I read an HN article about Bitcoin in 2011 when it was about $1 per BTC, and mining on AWS was still profitable. I dismissed as a stupid novelty that's not worth the time to set up an AWS instance. Lesson learned: don't listen to HN.

neverokay 3y ago

Sucks right? Life gets lifey.

kirubakaran 3y ago

I used to pay a lot of attention to the comments of certain HN users who made well reasoned but (with the clarity of hindsight) mostly doomer predictions about various topics. I wish I hadn't listened to them.

epolanski 3y ago
To be fair if counter arguments put you off it means your own weren't that strong. It's good you have that attitude otherwise it would be gambling.

MangoCoffee 3y ago

i believe FB is a fad at that time. Who knew it make that much money and still going.

ilrwbwrkhv 3y ago
"They trust me, dumb f*cks" - Mark Zuckerberg laughing all the way to the bank.
- lotsofpulp 3y ago
  People who have a good enough memory to recall the dumb things they thought and said at age 19 also laugh.

chasd00 3y ago

i think i sold my apple stock at $10/share. I also had my finger on the buy button for AIG at around $1/share in the depths of the financial crisis but didn't do it. Now I just stick to code, my 401k, and company RSUs heh.

ambicapter 3y ago
I bought Apple stock 2 years ago and it's been flat since then, with me at a slight loss. So the golden tech stocks aren't always so.
- deleted 3y ago
  [deleted]

adtac 3y ago

You would've probably sold it when it doubled. Or 4x. If you still hadn't sold it at 17x, you'd probably never sell it, so it's not liquid anyway.

mFixman 3y ago

I read an HN article about Bitcoin in 2011 when it was about $1 per BTC, and mining on AWS was still profitable. I dismissed as a stupid novelty that's not worth the time to set up an AWS instance. Lesson learned: don't listen to HN.