Yay I'm Rich

ahurtt

Diamond Member
Feb 1, 2001
4,283
0
0
You aren't rich until you actually sell it. Until then you're only rich on paper.
 

mugs

Lifer
Apr 29, 2003
48,920
46
91
Originally posted by: Phokus
I bet it quadruples in value after he sells it.

This year, I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January. Then, bang! That's when I'll cash in.
 

Appledrop

Platinum Member
Aug 25, 2004
2,340
0
0
Originally posted by: dainthomas
People who have a large portion of their portfolio in one company are noobs.
why sure its more risky but potential for higher than average gains id imaginee
 

Gibson486

Lifer
Aug 9, 2000
18,378
1
0
Originally posted by: Savij
Originally posted by: dainthomas
People who have a large portion of their portfolio in one company are noobs.

Bill Gates: Ultranoob

how so? It's his company. that said MS has millions invested in other companies.
 

nakedfrog

No Lifer
Apr 3, 2001
60,167
15,086
136
Originally posted by: mugs
Originally posted by: Phokus
I bet it quadruples in value after he sells it.

This year, I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January. Then, bang! That's when I'll cash in.

mugs, I keep telling you that you have to sell them BEFORE Halloween.
 

dainthomas

Lifer
Dec 7, 2004
14,738
3,651
136
Originally posted by: QuaziK
Originally posted by: dainthomas
People who have a large portion of their portfolio in one company are noobs.
why sure its more risky but potential for higher than average gains id imaginee

I work with people who lost hundreds of thousands in Enron stock (for many their whole retirement). You can go from megabucks to birdcage liner in a heartbeat.

Diversity is the only way to go.
 

rh71

No Lifer
Aug 28, 2001
52,844
1,049
126
Originally posted by: ahurtt
You aren't rich until you actually sell it. Until then you're only rich on paper.
I love when people who are losing in the stock market claim they're not losing anything until they sell. Stocks = gambling, not investing. Stop trying to make yourself feel better about it.
 

LS20

Banned
Jan 22, 2002
5,858
0
0
mine went up 60% for the last 6-month term (realized - i sold it)

10 days later it shot up 10 more points :( :( :(
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,344
126
Originally posted by: dainthomas
Originally posted by: QuaziK
Originally posted by: dainthomas
People who have a large portion of their portfolio in one company are noobs.
why sure its more risky but potential for higher than average gains id imaginee

I work with people who lost hundreds of thousands in Enron stock (for many their whole retirement). You can go from megabucks to birdcage liner in a heartbeat.

Diversity is the only way to go.

Depends on the company. A previous employer I worked at did profit sharing and company matches in company stock. It's free money from the employer. Who's going to turn it down?