Re: Covfefe-19: Do What Now?
Slow and steady. Buy stocks that grow slowly, but remain somewhat steady. "Playing the market" usually ends up in failure, as in "make money quickly."
I have only owned stock once, it was a company thing until a few years back. You got locked in for 100 shares after 5 years, at that price. You had another 5 years to either sell at current price, or buy at locked-in price, or lose those 100 shares. I couldn't afford the locked in price, so I sold. Waited until the last minute. Taxed to hell, but it was still free money. Price has more than doubled since then (this was 8.5 years ago when I cashed out) and only has really dipped in the last 3 days, by about 10%.
Originally posted by dxmnkd316
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I have only owned stock once, it was a company thing until a few years back. You got locked in for 100 shares after 5 years, at that price. You had another 5 years to either sell at current price, or buy at locked-in price, or lose those 100 shares. I couldn't afford the locked in price, so I sold. Waited until the last minute. Taxed to hell, but it was still free money. Price has more than doubled since then (this was 8.5 years ago when I cashed out) and only has really dipped in the last 3 days, by about 10%.
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