Stockchoker: Past Investment Face-Palm
Posted by jordan from stockchoker.com
Best shoulda-coulda-woulda site I've seen in a while. Plug in what you could have bought on a date and see what you could have made.
7 comments
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BenW 7 years, 9 months ago
That was fun. The investments I count on are all at Vanguard and the TSP, but because I don't like regular gambling, I dabble in individual stocks at Ameritrade. :)
Doing some armchair quarterbacking on some stocks where I'd said, "I wish I would have bought them ten years earlier", it turns out that often ten years earlier would have made me less money than the shorter term investment.
If nothing else, it's a reinforcement for just investing in indexes and saving the stress. :)
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jordan 7 years, 9 months ago
I've recently converted to indexes. The more I read & research, the more it just makes sense.
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ahnyerkeester 7 years, 9 months ago
I did the same. Sure, less highs but also fewer lows. So far, so good.
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Razorback 7 years, 9 months ago
Jordan started a thread on the Parlor related to this topic. Would be great if a few gentlemen were willing to share what indexes, stocks, bonds, etc. they were invested in or considering. No personal financial data, of course, just the ticker symbols and/or experience.
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ahnyerkeester 7 years, 9 months ago
Boy did I not want to see that. I bought Apple when they were less than $50 per share because I thought they were undervalued. Had to sell a few years later because our only car broke down. Just figured out what I missed out on and it really hurt.
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Nickolas 7 years, 9 months ago
Yeah thanks for making me cry at my desk Jordan. I too lost out on a bit on Apple. I joined when shares were $3 and were granted a few options. I sold them long ago to buy a house. I joke and say that I live in the house that Apple built. If I only held on I could have had the Estate. ;-)
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Razorback 7 years, 9 months ago
I learned a long time ago that hindsight is 20/20 and should typically be avoided, especially when it comes to investing. One must have a special mental fortitude when actively investing to keep from curling up in a ball and weeping helplessly (which I have wanted to do a few times).
If I invest in a position with the intent of selling it in the near future, I always set a target price in my mind. If and when that price comes around, I sell and congratulate myself on my tidy little profit (little being the operative word here). If it goes up more in the days following the sale, I just smile and remind myself that I still made money. In the end, if you can keep doing that, you are a winner.
That being said, when I have no choice but to take a loss on an investment, I sulk like a moody teenager for about 3-4 days. I hate losing money in the market.
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