Replies to post #2778 on From Garbage To Gucci (G2G)

[EatYourShorts]

wrongjoe,
good to hear from you. Hope all is well with you. I know it is easy to grow pessimistic in the world of pinks. We have all had our learning experiences from them.

This one (CDCH) has way too many things going right for me to feel anything but very positive. I have about 7 years time invested in following this one and I am very comfortable.

I wish you the very best also,
David

[eik]

<<I guess I've grown more pessimistic in this world of pinks>>
Among different investment tools pinkies' place is somewhere next to the poker game – higher than lottery tickets but below the “big board” stocks. I mean – you need skills and experience to win, but it’s still a gamble. The rule is: don’t make big stakes, which you can’t afford to lose, and diversify. I like the signature I saw somewhere on iHub, something like this: “It’s easy to invest in good stock, but you need to do a lot of DD to convince yourself to buy a garbage.” :) That’s the reason of all disasters we see on iHub. People put all their life savings in a penny with “good DD”. I am not the smartest investor and don’t have millions to invest, but I (we) do have a stable source of income (jobs), small real estate investments (rental properties), sizeable i-Bonds position, and some “solid” stocks on IRA. Those funds are “untouchable” survival kit, and I would never move them to the pinky world. Pennies couldn’t be the source of income if you are not a professional player. You can not make living by playing poker, but you can learn not to lose money, and even win a couple of games. :)

IMO (I hope this didn’t sound like a lecture)