I did and did SWMBO raise holy hell. Whew!
Bought at $24.47 I thought, nope, by the time the order went through it was at $26.47. Currently $27.08. Regardless of reminding SWMBO that it is MY measly IRA account she still gets in a tizzy when I start fooling with it. :p
For those interested:
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I advised my mother-in-law not to buy the Google IPO. She's losing her memory, but she hasn't forgotten about that.
Oh,Snap.
Jim Frame, post: 416958, member: 10 wrote: She's losing her memory, but she hasn't forgotten about that.
If I were you, I'd be happy she didn't kill me. 😉
Don't feel too bad, I blew Googles IPO off too.
My general take on IPOs continues to be that they exceed my risk profile. I've been spectacularly wrong on some (e.g. Google), but right on others. In my younger days I was willing to gamble on things like that, but now that I'm approaching retirement I like to play it safe.
Boeing..
Instead of gambling on IPO's, I feel far more comfortable with quality foreign stocks.
I've tripled my investment in Russian stocks (made in 2014) and almost doubled my investment in Turkish stocks (made in 2016).
I'm no expert, but I'd rather let the venture capitalists take the risk of IPO's and look for value abroad.
Trundle, post: 416999, member: 12120 wrote: Instead of gambling on IPO's, I feel far more comfortable with quality foreign stocks.
I only have three "risk" stocks in my small portfolio, Tesla, Suntrust, and Snap.
Clue me in on your quality foreign stocks, it sounds interesting. 🙂
paden cash, post: 416994, member: 20 wrote: Boeing..
And Disney, Microsoft, etc....
FL/GA PLS., post: 417012, member: 379 wrote: And Disney, Microsoft, etc....
And Sadhana Nitro-Chem too. They're a high-explosive manufacturer for the U.S. military industrial complex...
FL/GA PLS., post: 417010, member: 379 wrote: I only have three "risk" stocks in my small portfolio, Tesla, Suntrust, and Snap.
Clue me in on your quality foreign stocks, it sounds interesting. 🙂
I'm no expert (I can't stress that enough).... But Russian and Turkish stocks were via ETF's (Eval and TUR, respectively). Now that Russian sanctions are eased (if not over) and the Turkish coup failed, they have soared. I've also invested in an Indian ETF (INDY) and it's done pretty well.
Specific foreign stocks I own (and that have done well) are..
FMX - Headquartered in Mexico, it's the largest independent Coca Cola bottler in the world. It also owns a popular gas station/C-store (the Mexican 7 eleven) and has a 20% stake in Heineken.
Bayer (Bayr). German chemical / pharma company. They are also the exclusive supplier of Abs plastic used to make Legos.
Canadian national railway (CNI). Largez stable railway. For this stock, I took my queue from the Gates foundation (one of its biggest shareholders).
I also have more stable American stocks (Pepsi and At&T have yet to steer me wrong).
And a good defense stock (that is not yet overvalued) is orbital ATK (OA).
The IPOs may be great, but I'm weary of investing in somethjng I don't fully understand (Like snap).
But again, I'm no expert. It pays to dig into the SEC filings and decide which is best for you.
Well, every idiot investor always brags about how much $ they made because of their inherent ability to foresee opportunities. Not me.
I would strongly suggest/demand to amature investors to NEVER read anything concerning stocks that I post. I thought tech company SNAP Inc. was going to take off like Facebook. Instead I'm down 56%. Goodbye my dream Tesla. 🙁
I didn't get hurt too bad. It was fun.
FL/GA PLS., post: 435614, member: 379 wrote: Well, every idiot investor always brags about how much $ they made because of their inherent ability to foresee opportunities. Not me.
I would strongly suggest/demand to amature investors to NEVER read anything concerning stocks that I post. I thought tech company SNAP Inc. was going to take off like Facebook. Instead I'm down 56%. Goodbye my dream Tesla. 🙁
Tesla stock took a hit today as well.
FL/GA PLS., post: 435614, member: 379 wrote: Well, every idiot investor always brags about how much $ they made because of their inherent ability to foresee opportunities. Not me.
I would strongly suggest/demand to amature investors to NEVER read anything concerning stocks that I post. I thought tech company SNAP Inc. was going to take off like Facebook. Instead I'm down 56%. Goodbye my dream Tesla. 🙁
He!!, it's only been four months, give it a minute :). Only way you'll lose money at this point is if you sell.
FL/GA PLS., post: 435614, member: 379 wrote: Instead I'm down 56%. Goodbye my dream Tesla. 🙁
Just what amazon investors were saying when the tech bubble burst in 2002
Some people, that held onto their stock in 1929/30, ended up making money...
(Read: Sugar Beets...)
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FrozenNorth, post: 435617, member: 10219 wrote: He!!, it's only been four months, give it a minute :). Only way you'll lose money at this point is if you sell.
I have no intention of selling. Gonna hang on. (and have SWMBO consistently remind me of my OCD until I croak) 😉
FL/GA PLS., post: 435636, member: 379 wrote: I have no intention of selling. Gonna hang on. (and have SWMBO consistently remind me of my OCD until I croak) 😉
Watched a Seinfeld rerun the other night where Jerry lost his ass and George (who hung on) cashed in...maybe it's a "sign".
