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You owned 2.7% of the company. You should get a spot on their board.
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1. Learning about how to start a business and understand corporation taxes. This skill helped convince my wife to start a business that can set us up for life. Her income doubled overnight, and is expected to double again in 5 years time. Eventually this business will yield a significant passive income to help her retire early.
2. Saved a significant amount of money in the form of home equity which helped me buy a foreclosed flooded house with cash that required extensive renovation for 385k a year ago and now it is valued at 700k after reno.Comment
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Hehe yeah I know, right?Originally posted by tomhole View Post
Anyway, been doing some trading today... Took that 40K shares I sold at 3.80 and bought back 60K at 2.43 this morning, sold those at 3.10 (for 40K$ today)... sold a few more in the 3.24 range today... the stock did seem pretty strong and was absorbing my sells pretty well. I'd like to see this flag and continue towards 5, where the IPO was... maybe flag a few days and then continue up. Time will tell...
For those traders out there:
GLTA. I am not giving anyone trading advice. This is just what I happen to be doing myself with my trades. I also realize quite acutely, that if the p value for PRX ended up being > 0.05, I would be dealing with a 6 figure SPHS position and not a 7 figure one.
gComment
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Bought our first condo in San Diego in 2002 and sold in 2005 before the crash. Good thing I listened to my DH and sold rather than being a landlord.Comment
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I just was going through old papers and found the shelter paperwork for my dog, Bernice. She was only $100, it's been 8 yrs, cost per use must be pennies because she never leaves my side. That was the best investment in contributing to the happiness of my family.
after getting divorced, moving to a town house in a much better school district.Comment
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I am rather young (only 22) and often ponder this question as well. The idea of putting money into a stock is exciting to me, but I also have invested (and am paying back) into an education for myself. I have yet to have a family or buy anything concrete yet. So, it really depends on what lifestyle you're living. For me, I will probably buy a house, own a reliable car (instead of my hunk of junk), and start a family. Then, I will likely ponder where else to put my money.
I think it is all about what direction your life is going and what plans you have.Comment
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I should say my best investment was my laser eye surgery. I wish I could have had it done sooner.Comment
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Personally? My husband. Married 18 years now, and that man has saved us 10's of thousands in reno skills.
Financially? Probably sticking with a company that has a pension. I've worked there now since I was in my 20's, and the cash value of the pension is now over $1M(!)
Our other good choices? Investing since our 20's - our money is now making money, and snowballing. And buying two houses (in 1992 and in 2011) at the very bottom of our local RE markets. The current house has increased in value by 50% since 2011.Comment
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Definitely the college degree and the marriage. I'd say our home is a close third.Comment
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Originally posted by gambler2075 View PostSo far it has been this $SPHS buy... I started buying at around 50c in Dec 2014, did about 200-500 hours of due diligence learning everything I could about BPH and injectables and loading many, many shares of the stock...
I thought they would have positive phase 3 results, and it turns out that I was proven right today.
I ended up selling about 50K shares this morning for about a 150,000$ profit today but I am still holding about 85% of my shares (about 330,000 shares worth, up about 800,000$ more on paper) because I think they will bring this to 7-10$ in the next year.
NOTE: THIS IS NOT TRADING ADVICE.
Here are my thoughts on the stock, but DO NOT BUY BASED ON WHAT I SAY, DO YOUR OWN due diligence and decide if you want to buy. #enddisclaimer
Past performance does not guarantee future results. I could be wrong about my 7-10$ share price prediction and could sell shares at any time. I will also say that I have been trading biotechs basically fulltime for 14 years so I don't think that the average investor stands a chance when they start trading, and that the vast, vast majority of people would be better off just buying a mutual fund. I didn't stand a chance for the first 10 years I was trading and even doubt myself sometimes now. I did get lucky here on this huge $SPHS position but my luck could run out tomorrow.
Here is Dan Ward's article from Nov 2014 (before the failed interim analysis).
Good luck to all!
gambler2075
Still holding the vast majority of my shares, wish I had sold at high 3's but alas, can't win em all... Traded around with SRPT, holding through the BMRN briefing doc release today (held 5K shares from 25.6, sold at 32.8). Also traded CLDN this morning (+8.8k) so +46K$ for today, which I took out and paid estimated 2015 taxes with that.
That being said, since this is not a trading thread, I will stop posting up trades. However, I will say I bought back 65K shares of SPHS today at 2.1, and I still feel it is worth 7-10$ in 4-6 months. This is not investing advice however. I will leave you with my DD on SPHS, you can do whatever you want with it, but I will be back in 6 months-ish to see if I was right or wrong.
SPHS DD: These are my thoughts. Not trading advice: http://investorshub.advfn.com/boards...e_id=118661180
Have a good 6 months. We shall see if I am right, or poor. Current SPHS price, 2.14$
gComment
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I'm rooting for you. Here's hoping for an early Xmas for you.Comment
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Fund Allocation... took awhile to land on this mix
I like all the comments on family. Those close to you and the intangibles are certainly the best eternal investments.
As far as equities...
(so not including our real estate or small business ventures)
I like an allocation that keeps overhead expenses low and has a long-term view on the U.S. We maximize employer match in a 401k but use Roth IRAs outside of that. So after much due diligence...
Among my wife's and my Roth IRAs:
65%
IVV - S&P 500 US Large Cap, passive index
QUAL - certain stable criteria of US Large Cap (dividend history, fundamentals, etc)
15%
VB - US Small Cap, passive index
TMFGX - Small-Mid Cap actively managed by Motley Fool
15%
SCHF - International (mainly developed, not emerging) Large Cap, passive index
5%
HCP - Health care properties real estate investment trust
We also set cash aside to buy blue chips individually. There are "20 stocks for success" I like from a newsletter I trust but I won't complicate by posting here.Comment
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O ya 1 more thing-
Morningstar.com is a great free way to evaluate funds to compare. If you have a brokerage account it's also common for them to have fund and ETF evaluators too.
I like to compare:
- Is it actively managed for passively following an index?
- What are the net fees?
- What benchmark is it trying to perform against?
- Who is the manager and how long have they been the manager?
- Are their load or other fees to get in and out?
- What's the overall objective: such as only large cap US stocks, etc
After lots of research that's how I landed on the list above that works for my risk tolerance and interests, but there's any number of ways you can tailor something for yourself without having to pay a financial advisor. And you can keep yourself disciplined to make contributions without an advisor.
I almost went the advisor route this year and it just seemed way too expensive to justify.Comment
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