InvestorsHub Logo
Followers 125
Posts 5357
Boards Moderated 1
Alias Born 04/26/2001

Re: OMOLIVES post# 166541

Friday, 02/07/2020 2:26:47 AM

Friday, February 07, 2020 2:26:47 AM

Post# of 223843
Re:

You will never change his mind or open his eyes...and that is ok...because he..apparently...has done fine. Also, apparently you have also.



It was a combination of his bragging to me and dissing me recently (last year) that lead me to understand how truly well I've done. He recently boasted of being in the top 1% of iHubbers.

This will be my last post here because I believe, for those who have ears to hear they have heard. (like you - and thank you for listening/hearing)

Now, to tell you how bar helped me to understand how exceptional my performance has been. bar was boasting to me about how he only invests in big caps - has never having a losing trade (yes, he told me that) and how he's in the top 1% of investors on iHub, yada, yada, yada...

So I began to wonder -- how can I explain to him how well I've done over the years with penny stocks.

Here's what I came up with:

I decided to use Warren Buffet as metric - because I believe he's regarded as the gold-standard of investing when it comes to returns.

And as I've stated on several occasions - Buffet has been my go to guide for investing since the 1980s. After the crash of '87 I had enuf money in my account to buy 2 shares of BRK.A. My recollection is they were trading around $3-$4k per share. I was considering purchasing.

Had I purchased those two shares and held until today -- I would have

$344,081.00 x 2 = $688,162

Which I think most people would agree is a fabulous return.

Well, I didnt buy those two shares, but rather took on the market on my own.

I've never kept exact track of anything - I'm too ADHD. Before we had broker statements like we do today that reconcile our accounts at year end -- I would put all the paper confirmations in a box and pay my accountant to match the trades and figure out what I made or lost.

I cant boast - like bar - of never having a losing trade, in fact, just the opposite. I have between 80 and 100 stocks in my portfolios that are ZERO bid. So yeah, if anybody knows the risks and how shitty stocks can be its me. Had I cashed in those stock at their highs I would be -- well, lets just say ---> millions more ahead.

As for the return on my investments, like I said, I don't know exactly but I can say confidently that it's MULTIPLE TIMES WHAT I WOULD HAVE IF I HAD BOUGHT AND HELD TWO BRK.A SHARES FROM POST '87 CRASH UNTIL TODAY. And to be clear - my boast is not the amount of $$ I've made as much as it is the overall long term gains I've managed. It's mostly fun and sport now - but it does consume my time and take me away from other things I love -- like puppetry.

So, I'm done here for now. I've said all I need to say.

I trust some of you here have taken to heart as least some of the things I've said.

I won't return to this thread for a minimum of one year, if ever. (its not like there's anything here that I need or will help me in the furtherance of my trading career)


#Lazarusout

ps... grandchild #13 due next month.








It's easier for rich man to go through the eye of needle than it is for a camel to get into heaven.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.