But you certainly don't want to be the bagholder who held it when it was high (the price Elon was willing to pay for it) and then rode it all the way down to the bottom when it cratered.
But you certainly don't want to be the bagholder who held it when it was high (the price Elon was willing to pay for it) and then rode it all the way down to the bottom when it cratered.
I prefer to invest in the management of a company, rather than the financials. I'm willing to see them through the bad times if I believe they're on the right track. I've been a patient investor of Intel since the 90s. But a couple months ago, I finally gave up and sold it. It pained me a great deal to do so, but Intel just seems to have lost its mojo.
Sure, my Twitter stock may have tanked under Musk. But I am willing to be patient with him.
Let's say I invest in 10 stocks, and hold, hold, hold. 3 of them go to zero. 3 do modestly ok. 3 do well. 1 goes up a hundred fold. The other 9 are irrelevant.
(Hi Walter. Love your posts...)
My investment strategy is not advocated by any investment advice I've ever seen.