The Long Term Investor

I admired Cathy Wood and held ARKK for a short while. One day, I was watching an interview and they asked why she sold so much Tesla the day before the ER. I didn't realize she was a gambler. So, I sold at a small gain and never looked back.

FWIW, ARKK continued to do well after I sold. I missed out on a lot of gains but I slept well.

 

I've missed most of our thread and market happenings for the past week or so. I need to catch up on it and add some posts and thoughts.

 

For sure. I was thinking about the times pre-social media. We realized back then there were a few idiots. We ran into a few through contact at work or in distant social type events.

Then along came all of the social media type platforms and we realized there were many, many more than we even imagined in existence. One rare benefit of it, is that it has exposed them for all of us to see and they have laid the evidence out publicly.

The old saying, "Better to remain silent and thought a fool than to speak and remove all doubt" is too often overlooked in today's environment.

 

Agreed. I think it is important for folks to incorporate timeframes into their plans. Risk tolerance should always be a factor throughout ones investing journey, but it also becomes even more important as the portfolio needs slowly change over time.

It is always about managing the plan not the headlines.

There are some great tools out there to help with this as one goes along their journey. Many of the big brokerage plans have free tools to do so depending on who you are with.

 

I'm curious to see how everyone feels about MSFT - I personally have been continuing to load up on it while the price is down.

 

Actually, I think you both can be somewhat correct. Different viewpoints are not a bad thing. This thread has touched and discussed a number of "hot" topics throughout its history. Most of it has been civil. There have been a few barn burners here and there, but not too bad.

I think we sometimes can get confused with policy versus politics. Yes, they can at times be closely related. I have found that it can be difficult for folks to distinguish the two. When people often use the phrase of "not talking politics", it sometimes translates into...."I don't care to hear a different view other than my own."

Discussion can be a good thing. It is hard for people to do that in a non-political way now days. I respect both of your thoughts, even if it may be different than my own or anyone else for that matter.

 

Yes, young people get after it and stay with it. The benefit long term is going to be a wonderful pay off later in life.

 

LOL. Yeah, I don’t think anyone on planet earth thought that the talks were going to end with any sort of deal.

War is serious business. However, the social media war between the president and Iran is comedy gold.

It makes me think of kids threatening to whip each others asses at the playground at 2 o’clock sharp. We all rush over to watch and nobody is there.

The only thing missing at this point are the classic…..Well, your momma is…..insults.

 

Haha, indeed. The trolling is off the rails!

 

Regarding the bolded part: I do not mind talking politics face to face with people I know who are interested in listening, responding thoughtfully, and are open to changing their mind when presented with compelling evidence that challenges their original stance. I have lots of conversations with coworkers. I never get too serious about it since it is at work, but I like to hear opposing viewpoints, especially when they are compelling and cause me to pause and re-evaluate.

The problem with talking politics online is there is no immediate body language feedback that comes with a face to face conversation, typing responses takes so much time, people are more standoff-ish online (not any of you of course), and there is little to gain from the whole ordeal since the political/economic system is set up to encourage disagreement and anger rather than understanding. People have become so entrenched in their beliefs, and they do not even have a firm basis for some of them. They have had their emotions manipulated to someone else's benefit. I learned along the way that is it just not worth my time in most instances. Perhaps that makes me cynical, but it is what it is.

That's one of the things I like most about this thread. We are probably all over the place on the political spectrum, but it doesn't really matter because none of us takes ourselves too seriously, and any disagreement takes a backseat to a mutual focus on stocks and how the market is totally on crack half the time

 

I'm neutral. I own some, but I do not plan to add more. Their AI rollout has been a joke, and Windows has been a dumpster fire for a long time. I think Google is the better stock in this area.