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Stock Market Under Trump
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(06-08-2020, 06:09 PM)StroudCrowd1 Wrote:(06-08-2020, 06:03 PM)jagibelieve Wrote: The thing is you didn't buy it and don't hold it... unless it's in your 401k somehow. No, it isn't. "Investing" in a stock just because you think that it will go up and you could make money on it... well that's gambling not investing. Taking a position in a stock for the long term... that's investing. When you compare two companies (Boeing vs. Carnival) which one has the better balance sheet? Which one has the better chance of growth over the long term? Stock price isn't the only thing to look at. If stock price is all that you are looking at, especially in the short term then you are gambling and NOT investing. I'll be the first to admit that I did both. When Boeing stock initially shot up I missed my "buy" target and made the fatal mistake on buying when it pulled back (500 shares at around $163). When it fell back down around $130 per share I picked up more and bought a little more when I saw it going back up (somewhere around $145). When it broke $180 I sold my initial position and took profits. That was "gambling" because it was all short term. I don't plan on selling anymore of my shares for a very long time. I don't really care much what the stock does as far as price as long as it stays above a certain threshold (my current is $200 per share). In the meantime, the stock will pay me dividends on the shares that I own. In 10 years and over 10 years I will have made money on the dividends that they pay me, and the stock may or may not be worth more than the ~$130 or ~$145 per share that I paid for it. My "gamble" is that the stock will probably be worth more than double the price that I paid for it. Boeing is a strong company and has a lot of contracts with the Government as far as weapons systems and platforms go. That isn't going to go away. Take a look at Carnival and tell me what's good about the company. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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