Originally Posted by
mispoken
i love tegridy’s goals; not stalking ARCOS like the dude that just got his 9th GS has been, is what I seek as well.
This thread is great, but I would hate for it to turn into a “hot stock tip” thread. We all know how that ends. The EV stocks that are being listed are ones I follow as well, and often trade contracts on. Please be advised, these aren’t for the faint of heart and require a very high pain threshold.
If you’re truly seeking to build wealth and be in equities for the long hall DO NOT START WITH THESE EV STOCKS. This is how people swear off investing from the get go, the whole “law of primacy” thing. I’ve seen it a lot.
So, I’d like to pause for a moment and reiterate; start with a Motley Fool Stock Advisor, and take a good look at their starter stocks.
Great discussion, hope it keeps on rollin!
Yes. As I stated these aren’t for the faint of heart.
As I also stated in an earlier post I made my initial mini fortune on sbux, cmg, pypl, v, and what should have been a blockbuster in NFLX.
Furthermore I had cash on hand to take advantage of this massacre in March 2020 and printed six figures on Boeing, Live Nation, SBUX, and AAPL.
Tegridy knows EV. Tegridy has given his fair share of disclaimers. Not about hot stock tips. It’s about educating and pointing people in a direction, letting them do their own DD. I’ve toured the Lordstown facility (former GM facility) in Ohio. I know what I am getting into before I go balls deep. It always starts with an initial position with cash on hand to respond accordingly, and the discipline to cut my losses in the rare circumstance that I am not even on the same field as the game is being played.
What you said about “hot stocks” and the “law of primacy” is what cost me $600k when “Netflix was a joke. A company that sends one, two, or even three DVDs out via US mail for $9.99 a month (unlimited) was not ever gonna be worth more than it is today (at $40-$47).”
Little did I know at the time that the entire plan for the companies future was hidden in plain sight. I just needed to read SEC filings, listen to conference calls, etc.
The hardest part about this gig is the leg work (due diligence) and actually knowing what you own.