Our entire executive team; executive chairman, CEO, CFO, Chief legal and Chief Human Resource have all agreed to $1 per year salary with stock bonus if we hit benchmarks. I've never seen a company do that going public. Incredible confidence and savings to company.
Originally Posted by Hammock Parties:
Pure instinct. Don't get greedy. Look at the long-term history of the stock. That's how I played MARK.
Although technically, nothing I've cashed out of this year has "burned" anyone.
MARK is probably still a good long term play.
This can work for or against you - look at GNUS. Big dump and everyone who held is now riiiich, biaaatch! Wish I had bought at 2 instead of waiting for 1.50.
Also, read the room. No way I'm holding IBIO or VISL past the current crisis. Pandemic and riot plays.
Just be careful. Risky strategies tend to pay off in bull markets, but when the bear rolls around, you can lose a ton of money in a hurry. [Reply]
Originally Posted by DaFace:
Just be careful. Risky strategies tend to pay off in bull markets, but when the bear rolls around, you can lose a ton of money in a hurry.
I lost 10K on IQIYI - YOU THINK I'M SCARED? [Reply]
So my girlfriends sister, her husband, their oldest son, and the husbands brother did the MarketWatch virtual trading simulation last month and they got kind of into it as a competition... I told them if they do it again I’ll join and so it started June 1. Three days in I’m in first with $12,970.65 profit and second place has $4,503.14 [Reply]
Originally Posted by DaFace:
Just be careful. Risky strategies tend to pay off in bull markets, but when the bear rolls around, you can lose a ton of money in a hurry.
Day traders lose 70% of their trades. They're only successful by winning big on the 30% and cutting losses quickly on the 70%. If you're relying on luck well ,good luck! [Reply]
Originally Posted by Rain Man:
I've always shunned bonds because I've always had the view that long-term stock holdings are the way to go. But at some point soon I'm going to get on the glide path to retirement and I don't want to encounter turbulence. What do you guys know about municipal bond funds? Something that could get me a 5 percent consistent return without worry of dividend cuts would be nice. Something like NVG seems like it could do that. Thoughts?
I'll always keep a fair percentage in a bond fund, don't know much about municipal bond funds specifically but I can see their appeal. I haven't uncovered a downside, so far.
Okay so I know a few of you said you were going to "sell everything" back in March. I am curious if you did, have you bought back in and how much of this rally have you missed because I don't believe you timed it perfectly. [Reply]
Originally Posted by petegz28:
Okay so I know a few of you said you were going to "sell everything" back in March. I am curious if you did, have you bought back in and how much of this rally have you missed because I don't believe you timed it perfectly.
Yup. That’s always the claim. It’s funny. You just missed a large rally that may get back to 30 DOW quickly. [Reply]