Moral of the story: A company can lose its vision but still make huge gains for a long time. I mean look at MSFT, they were total garbage for years and still survived long enough for Nadella to save the day.
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Apple's Stock Price Officially Crosses the $400 Mark
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I hear your argument, but respectfully disagree.
what good in diversification lately?
are you diversified? I scoff at that often.
I guess Warren Buffet agrees - he says diversification is great for people who know nothing about stocks. So yah, if you cannot read a financial statement and understand what matters, and you lack feel for what is “real” these days - go with an index fund at least. Better than staying out of the market entirely! It is fairly well proven to bring positive returns. But maybe you’ll be an old man before getting your lambo.
it’s worthwhile to improve and constantly challenge your worldview.
here’s a big question: all those stock broker experts - are they rich? Why not? If they knew something useful they could have applied it to their own portfolio and made a lot of big money. Then they probably wouldn’t want to be financial advisors anymore Or stock brokers right?
Etrade options analyzer said I had a 28% chance of blah blah Recently. Next day I asked my buddy what the magic Etrade options analyzer said ( after I was already up 125%), and he said 32%. So at the moment I’m thinking that you have to take a lot of analysis with a grain of salt
Pardon my lack of capital letters today at the start of sentences
You are actually contradicting yourself here .... all those stock broker experts are not rich from actually investing their own money , they do it by investing others and get a cut on transactions and managing their portfolio , the folks who give them the money think that there are people who can beat the market and choose them over buying indexes.
You as a regular person , have a lower chance then them to succeed picking stocks , and even a worst chance vs the market (i.e indexes) , telling me a nice story how you made 125% in some options investment you did is not going to change my mind , and the main reason is the one you provided , if the investment stock broker expert can beat the market on his own , he wont be working in a company that invest a client money and work on commissions , and you as a hobbyist have a lower chance then them in the long run.
TLDR - I have 0 faith in the stock broker companies/experts (which I never use) , I have 0 faith in the 1 person day trader stories and how they can make a fortune out of their basement (which seems to be you , good luck !) and have no desire being one, I rather have my day job and save up for my retirement with as little fuss as possible.
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No, you are getting it all wrong.
Firstly - those stock brokers are NOT rich. You imply they get “rich” by advising And making commissions etc - but all they do is make a little money just like every wage earner does. That’s a big difference.
The 125% in one day stock options trade example isn’t a lucky shot - I have multi dozens of trades making much much more. Mostly AAPL calls because I know AAPL. I brought that trade up because the “valuable computer tools” were blind to a fairly obvious trade from my perspective. Having said that - my perspective must be different or everyone would be doing it if they also saw things my way.
I’m only trying to help, not convince.
I was making the argument that “are you diversified?” Is a mantra for folks who know they don’t know stocks or business or markets etc.
I was commenting that maybe Worldview matters. You’ve got to have a crap detector that works well, and the world is lately pushing false narratives much of the time.
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