Sure, but how many did? I bet a lot did not. I personally know many people who lost of lot and got out before they lost more. It is the same as silver. How many sold close to the top? I bet not many did.
I wouldn't disagree with that. Their individual decisions though don't change which has had the far better track record. Part of investing is knowing when to buy/sell/hold. Even the best investments can look mediocre with bad timing on decisions.
It's probably better sakata has me blocked. It would only raise both our blood pressures if he responded to me.
THAT is the psychology that kills fortunes in a panic situation. My dad, my uncle, and I were buying up beat up banks, insurance companies, Ford and Ford Motor Credit bonds like there weren't going to be any more. We did GREAT! Oh yeah, I did sell big right at the VERY tippy top in gold (the actual top day), but I missed the top in silver and had to settle for a secondary high after the first dip. I sold a slew at $40.40 an ounce.
I would've lost quite a lot if I'd sold stocks near the bottom in 2008. I didn't, and nearly all my stocks regained their losses and then some. I would've lost quite a lot if I'd sold the silver I bought in 2011 any time in the last couple of years. I hope you aren't suggesting that "buy high, sell low" only happens to stock speculators, and PM speculators, er, "investors" are immune...
Stock "Investors" are not immune to stock price crashes, such as Valeant, GoPro and many others where the valuation crashes and doesn't really come back; or worst bankruptcy (ZERO valuation) such as RadioShack, The Limited, HHGregg, or even Toys R Us ...
Not Toys R Us? "Oh, the Humanity!" What they need to do, is contact the Swiss CB or get in touch with one of the Fed's Dark Pools and request the rescue package ASAP. "Wealth Effect" and such. lol
If you say that three times in front of the mirror in the dark, the Lone Ranger's horse will appear to you.
All of those could be seen coming from a mile away especially Radioshack. That's like thinking Blockbuster was going to return to glory.
I think that in these days of rapidly increasing technology it is probably very difficult for a retail store selling these things to keep ahead of things. The business model would have to change too much.
Hee, hee, hee. There used to be a Blockbuster in the town nearest where I recently lived, but Blockbuster sold it to the manager, who still runs it at a nice profit. How? Absolutely crappy Internet bandwidth. Most people can't stream video there on a bet. Just this past Monday, I was able to stream a video podcast successfully for the first time in my life.
There's a reason most of them went under. Really only Best Buy seems to have survived and they almost went under too, but they also greatly expanded the products they sell and ditched a lot of the movies/music they used to rely on. People sometimes forget that with retail companies their own life can be good market research for what stores they use, what they see busy, what their friends use ect especially if you live in populated areas. We used to have several radioshacks and circuit cities, it was easy to see where they were headed. My mind was blown last year when I was in Australia and there was not only a Blockbuster but people used it, like near you their internet overall was far behind ours in major cities. In the US where I am I can't go more than a few blocks without tripping over some restaurant or stores wifi. Felt like I was in a time warp.
I warped into downtown Harrisburg and a whole new world of bandwidth opened for me. I can even download a movie in less than 24-48 hours, which is what it used to take. And my commute is 2 minutes on foot. Annnnd I don't get horse poop on my tires.
City House is just west (on the river) of the northern end of the Capitol, and my place is just off the southeast corner of the Capitol, but yeah, it's walking distance. I'm a block from the Amtrak station, from which I'll travel to many a national coin show. Philadelphia and Pittsburgh are upcoming ANA events. Whether I use MDT or PHL to get to Irving is still open. I may just use the "CAR". We have a Real ID compliance issue here.
I notice that PM buyers around here keep a close eye on prices. That's only common sense. If one is to buy stocks, I suggest not only doing that, but to read and keep up with each company one owns. That includes quarterly earnings, analyst ratings and comments (I know some analysts CAN be completely wrongheaded, so don't depend on one report) and industry trends. The old advice of "put it away and forget about it" is an open invitation to heavy losses -- even in good market times. Just my humble opinion.
Years ago, before I knew much about investment, I had an investment advisor (recommended by an in-law) whose philosophy was buy and hold. And he took it seriously. I eventually took control of my own investment, but only after he had lost me hundreds of thousands of dollars.