Reply to Do many households here have $15 M net worth or more?

Forum Index » Money and Finances

Reply to "Do many households here have $15 M net worth or more?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Has anyone noticed that in DCUMlandia nobody has EVER picked a stock loser?!?

This place is magical. [/quote]

lol. I bet $5k on Nokia a long time ago because they were going to be the comeback kid with Windows phone. Despite lots of insight into tech markets I've never managed to pick a big winner deliberately. Now I just invest in VOO.

All the "experts" on here are full of it. If it's so easy to go from 200k to millions then it should be equally easy to do it again and go from millions to 100M and then a billion. Just keep betting it all on the next winning horse.[/quote]

PP here who made that $190K “bet” on AZO in 2002. Never said I was an expert. I’ve had my share of losing investments as well.

And now I’m working on my next $10M LOL. Bought into a San Diego based tech company called Cymer in the late 1990s. I doubt you’ve heard of it. This company developed the technology to make EUV lasers for photolithography. They were bought by a Dutch tech company called ASML in 2013 in a cash/stock deal when ASML was trading around $75/share. You may have heard of this company. They are in my opinion THE ultimate tech company.  They have a monopoly on EUV photolithography for making advanced chips. Without their advanced EUV photolithography machines to make cutting edge chips there is no AI, Nvidia, iPhones, Apple, Meta, Taiwan Semiconductor, Google, Samsung, Intel, AMD, Micron, etc. The modern tech-based economy would not be where it is today. ASML is current trading around $1400 per share. Successful market beating individual stock investing can be done by us lowly common folk without the Ivy League degree or the high power finance career. Happy investing.[/quote]

So you had $2M 24 years ago and you only have $10M now?! So you didn't replicate it. Hope you don't lose it all now on this unicorn stock. [/quote]

What? No. $10M from that one investment. I didn’t mention my other investments Sorry I wasn’t clear.[/quote]

You need to diversify. These companies still have their life cycle [/quote]

I’ve moved some into other investments in aerospace, nuclear, machinery, robotics, oil,  rare earths, medtech and biotech. Semiconductor is definitely cyclical so watching that with ASML. For AZO I haven’t sold one share in 25 years but I do borrow off of it with equity loans to fund some of my lifestyle. Thanks for the advice.[/quote]

All of the listed went down a lot in recent months. I don’t  believe a word of it. [/quote]

And that’s your  equity loans interest rate ? Why would somone worth millions borrow against stocks to maintain basic lifestyle ? [/quote]

Because you don’t pay taxes on loans only on income/capitals gains. See the “Buy, Borrow, and Die” strategy.[/quote]

You pay interest.  I guess if your loan interest is way lower than capital gains rate then it makes sense..[/quote]

But a lot of people went bankrupt this way in 2008[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics