Friday, August 03, 2018 12:06:37 PM
Strongly recommend avoiding stocks whose primary appeal is their volatility, and the potential to double your money in a day.
It is boring to hold stocks that only go up 2 percent on great days (particularly if you stare at your screen the whole day), but 2 percent * 100+ days adds up. As one who owned FB at $23 and sold at $24, I know that.
Anyway, I put myself in a situation where I needed to either sell house, get a 2nd job, or fall on knees in front of parents. I've done a combination of the last 2. Mom's allowing me to keep shares in the one genuine company I have great faith in (still speculative, in a sense) and hopefully I can repay her in a few years with interest. Until then figuring I can only learn my lesson by no longer focusing on this junk daily. Hoping that in turn frees up time where I can make more memories with kids, etc.
Best to all, and good luck.
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