Thread: Side Hustle
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Old 12-19-2020 | 12:19 PM
  #414  
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Trip7
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Originally Posted by TegridyFarms
I’ll respectfully disagree. https://www.computerworld.com/articl...s-history.html



I remember when AMZN has its first full profitable year. I spent an entire semester of college in business school discussing AMZN vs WMT. Logistics. Balance sheets. Supply. Demand. Everything. Amazon would never ever ever ever exceed WMT. AMZN was around $45-50 at that time. We all had the same consensus. I watched for two years using the same little tools and everything you had in your post. Amazon was over priced. Revenue wasn’t enough, wasn’t sustainable, etc.



That was at $50-200 a share. Now $3,229 a share. Insane.



Same concept with Netflix. The biggest effing fail of my life was listening to some zacks or morning star garbage about how a company that mailed DVDs was overvalued at $40.



Not even a decade later my small investment would be worth $600,000 had I kept that money in NFLX.



Bottom line is—do your own due diligence and look at the future, study a company, and know the financials behind what they’re doing. Don’t give a rip what some widget on a website says about a stocks share price.



Trip 7–I have TSLA. I had 68 shares. Then reverse split this summer announced. 5:1. $17,700 is what I paid for that. That investment is now worth a small house.



Same with AAPL. That thought process that you presented isn’t a blanket approach.
I hear ya. Story stocks do have a track record of providing life changing returns provided you aren't left holding the bag when the story ends up not being as optimistic as the price. Also, IMO it's alittle bit of a dangerous precedent to compare TSLA and Amazon. Even in its early days Amazon had a track record of positive cashflow from Operations. Will be interesting to see how the next decade shapes up

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