Author Topic: Smith & Wesson Stock  (Read 311 times)

Rastus

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Re: Smith & Wesson Stock
« Reply #10 on: July 11, 2020, 06:46:06 AM »
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MikeBjerum

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Re: Smith & Wesson Stock
« Reply #11 on: July 11, 2020, 08:39:08 AM »
Sell vs. Wait for spin off

This is the poker game played by speculators.  The wealthiest speculators make and lose large sums playing this game, but just like buying the stock in the first place, if you don't take the risk you don't have an opportunity to gain.

Speculation is all about the strength of your gut.  Alf's gut appears to be stronger than mine, but that is why my 401K is in a conservative area and returning below average.
If I appear taller than other men it is because I am standing on the shoulders of others.

alfsauve

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Re: Smith & Wesson Stock
« Reply #12 on: July 12, 2020, 09:04:26 AM »
Sell vs. Wait for spin off
.......
Alf's gut appears to be stronger than mine, but that is why my 401K is in a conservative area and returning below average.

I'm only risking 100 shares, not any of the family fortune, or as Miss kKitty calls it, the family mis-fortune.
And this money is kept in a separate account, kinda like a Christmas fund account.  Back in the earlier days of email and internet I had access to a news service which allowed me to get stock info as soon as it was released.  I played the stock split game, buying as soon as a company announced an upcoming split, and selling soon after they split.  While I made hefty returns %-wise, the amounts hardly ever exceeded four digits. So no I don't have a strong gut for this, and no I'm not rich. 

Retirement accounts, 403s and IRAs, are invested aggressively.  I'm taking out almost double the RMD and they're not shrinking.  That'll change in the next couple of years as my life expectancy decreases and the IRS wants its due.

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TAB

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Re: Smith & Wesson Stock
« Reply #13 on: July 12, 2020, 11:27:52 AM »
So its just "play" money.  100 shares is nothing in stocks.  Still it is $400 more than you had before.

I have a guy that i have used for a long time that has been between 15-20% return ever year, but he takes 20% of what he makes.   I gave him 10k in 2011. The account now has just under 50k in it. I have little doubt i am his smallest account.   I keep telling myself i should add a zero too it, then something  comes up and the money us needed else were.   Like now, my "play" money is tied up in 3 other projects.  1 is already  sold out,  thr 2nd and 3rd are long term projects.
I always break all the clay pigeons,  some times its even with lead.

 

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