Wow ok so over few months I have weighted 5% of my portfolio into MFG at average $25
This sure is a tough day...and yes.. sometimes as Peter Lynch once said you keep buying a stock and it just keeps going down..
Do I get out now?
How the heck do I know?... yeh I have a crystal ball - I know who may or may not be sniffing around - I'm a rockstar fund manager (with an ear to the ground> Aren't they all? Wait... wouldn't that be inside information...??
It's really hard to be "a fund manager"..
I should know - I manage my own "fund"!
Yeah I get it.. ETF's are the way to go.. yep of course the financial services industry would be spruiking that now... wouldn't they..?
Just give me your money - I'll manage if for you easy as pie into an ETF. Letting the AI computer bots invest for you..
Well good luck with that...
Point I am making is everyone is an expert (with the benefit of hindsight) - yep I am losing on my MFG investment but I have skin in the game.
I'm not shooting my my mouth off when I don't hold
Any old geezer fool can do that...
And any one new to the game can just open up a zero fee trading account, It's just like playing sharegames without any actual capital or 2 dollar free bets on Robinhood
Up 10%?...(on a capital outlay of 500 bucks)?..Heck yr an investor genius!
At least when I manage my own fund, it's my money (that I am down on right now) and I have control over it
If I make a bad decision I have to man up and wear it
So be it.
I'd rather be that guy any day , than the loser who doesn't know where his money is, has no idea how to even try to value a company and just indexes to oblivion...
Try beating the street that way...
With dark pools, front running, HFT, shorting etc Yr dreaming
They will end up stealing more from sedentary ETF investors than me over the long run anyday...
By being actively involved, at least I realise they are stealing from me
ETF investors have ZERO idea
Good luck not knowing where your money is
NA/ Just MO
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