Replies to post #230713 on Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< for those who’ve held a decade or more, they’ll have to double or triple their investment just to break even due to the time cost of money >>

Exactly.

One of the main reasons to invest in the stock market is to beat the rate inflation.

Governments will claim that inflation only runs at 2% - 3%, but that is an outright lie. Over the past 10 years, almost everything has appreciated dramatically in price. Housing costs have gone through the roof. The average sales price for a home in the US 10 years ago was about $265,000. It is now about $430,000.

https://fred.stlouisfed.org/series/ASPUS

Costs for education, health care, automotive, etc, have also gone ballistic over the years.

So anyone that has been in KBLB for 10 years has lost quite a lot due to inflation over time.

[ruskie1]

Just crossed over 11 FREAKING years owning this POS…Thompson makes my gut turn
Ready to bail out…enough is enough

[KhashdrahrMiasma]

I'm of the same opinion. I'm giving him until the end of the year (2021, that is) and then I'll take my losses on the half I still have remaining.