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learning to walk away

Started by Steve @ bripblap · 10 months ago

A few years ago I went on a cruise with my wife, Bubelah. We decided to stop in the casino one evening, even though neither of us are gamblers. It was ‘formal night’ on the cruise, which for you non-cruisers means tuxedos for the men and evening gowns for the ladies. ... Continue reading »

4 comments

  • Mrs. Micah

    1 year ago

    I agree. Unless your goal is "Get Rich Quick" (which you'd be unlikely to achieve anyway), it's better to take a loss on what could've been than to hang onto a stock that may plummet.
    reply
  • guinness416

    1 year ago

    I think we all have had a similar experience with "a tech stock"! Sounds like it was actually a very valuable learning experience, so it's all good. (And next time the husband hits the casino, I'm sending you with him).
    reply
  • SavingDiva

    1 year ago

    I don't have enough money to create a diversified portfolio with individual stocks. While I may consider purchasing Disney (just because I love Disney World), I don't think I will be purchasing any single stocks for my retirement portfolio any time soon. I usually stick with large fund (targeted or mutual)...
    reply
  • Steve

    1 year ago

    You know, I started out thinking that the only way to invest was in individual stocks, and consequently exposed my portfolio to some pretty concentrated risks along the years. I think if I had put a bit more attention into spreading that risk across a few stocks, it would have made more sense, but I also could have just as easily invested in a broad index fund like VFINX. Someday I'll do the calculation of what my holdings would have been today had I done that, but I don't feel like annoying myself with that calculation yet :)
    reply

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