Saturday, June 14, 2014 4:21:35 PM
Smart man. I'm 27 and have 46,000 shares but was lucky enough to be averaged in at around $0.32. A lot of things to consider with a stock like this. Here are a few things that I have found important to understand and know.
1. Never risk more than you can afford (only you can determine that, especially at a young age).
2. Make sure to understand the difference between Long-term Capital Gains and Short-term Capital Gains tax.
3. Taking profit is never a bad thing.
Taking time off or putting more than 20% down on a house at your age is never a bad thing but wisely reinvesting will allow you to retire a lot earlier.
Lastly, don't sweat the day to day PPS. Make your investment decisions on DD and ignore the volatility. Frequently reassess your investment but never base it on that day's PPS unless your only looking to secure some profit.
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