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09/12/21
17:22
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Originally posted by ElNuto:
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For what it's worth I went all in on it mid 30s. 95% is ihl the rest is a dividend stock. is it reckless? Maybe but I didn't borrow money for this. Depends who you ask but for decisions like this I watch a lot of warren buffet on YouTube. Check out some of his videos on diversification. He believes if you're willing to do the due diligence and find a company you believe in the long term future of get as big a % as you can. I'm not advising this as my opinion is not relevant I've only been a share investor for a few years and I'm not really an expert. Im just sharing what buffet said... I also believe it depends alot on your individual circumstances as to what risk profile makes sense. Age, savings profile, house situation, marital, kids etc. Being transparent I will hold all my IHL until $1.50 then I will cash out 25% which will clear my mortgage. Then the rest I'm rolling with all the way to fda approval/rejection of all thier cbd/hydroxy candidates.
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Sounds like a plan....I think if you want to build wealth, you're better off going deep than wide. Find a company(s) that you truly believe in and go for it, calculated risks, nothing stupid.